Shares of Deepak Nitrite surged 2.7% on Monday to ₹2,012.80 after the government announced a key regulatory amendment, extending the validity of ammonium nitrate manufacturing licenses from 5 years to 10 years. The move is expected to reduce compliance burden and enhance operational efficiency for chemical manufacturers.
At around 1:05 PM, Deepak Nitrite was trading at ₹2,012.80, up ₹53 from the previous close of ₹1,959.80. The stock hit an intraday high of ₹2,018, with the company’s market cap standing at ₹2.74 lakh crore.
Deepak Nitrite Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Thu, Apr 17 2025
|
₹1,980.00
|
₹1,959.80
|
-0.54%
|
|
Wed, Apr 16 2025
|
₹1,940.00
|
₹1,970.50
|
|
|
Tue, Apr 15 2025
|
₹1,941.10
|
₹1,933.90
|
|
|
Fri, Apr 11 2025
|
₹1,860.00
|
₹1,932.85
|
|
|
Wed, Apr 9 2025
|
₹1,827.75
|
₹1,807.35
|
-1.14%
|
|
Tue, Apr 8 2025
|
₹1,865.00
|
₹1,828.20
|
|
|
Mon, Apr 7 2025
|
₹1,782.00
|
₹1,823.70
|
-5.46%
|
|
Fri, Apr 4 2025
|
₹1,985.10
|
₹1,928.95
|
-3.77%
|
This rule change benefits Deepak Nitrite, which has a significant presence in the ammonium nitrate value chain. Analysts believe this could improve planning certainty and reduce administrative costs for players in the segment.
