Hot Pursuit     10-Aug-11
Decent Q1 numbers lift Deepak Fertilizers
Deepak Fertilizers & Petrochemicals Corporation surged 4.46% to Rs 167.55 at 12:26 IST on BSE, extending Tuesday's gains triggered by good Q1 June 2011 results announced by the company after market hours on Monday, 8 August 2011.

The stock had risen 0.19% to settle at Rs 160.40 on Tuesday, 9 August 2011 after the company announced the Q1 results after market hours on Monday, 8 August 2011.

Meanwhile, the BSE Sensex was up 281.34 points, or 1.67%, to 17,139.25.

On BSE, 29,979 shares were traded in the counter as against an average daily volume of 2,115 shares in the past one quarter.

The stock hit a high of Rs 168.55 and a low of Rs 160.50 so far during the day. The stock had hit a record high of Rs 212.40 on 3 November 2010 and a 52-week low of Rs 145 on 12 August 2010.

The stock has risen 4.65% in two trading sessions from a recent low of Rs 160.10 on 8 August 2011, boosted by good Q1 results.

The mid-cap stock had outperformed the market over the past one month till 9 August 2011, declining 1.72% compared with the Sensex's 10.61% fall. The scrip had also outperformed the market in past one quarter, gaining 0.69% as against 9.02% decline in the Sensex.

The company has an equity capital of Rs 88.20 crore. Face value per share is Rs 10.

Deepak Fertilizers & Petrochemicals Corporation's net profit rose 22.5% to Rs 63.94 crore on 35.9% increase in net sales to Rs 471.96 crore in Q1 June 2011 over Q1 June 2010.

Deepak Fertilizers & Petrochemicals manufactures methanol, various grades of nitric acid, iso propyl alcohol, carbon dioxide and hydrogen. It is the largest producer of iso propyl alcohol in India.

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