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Deepak Fertilisers up 5%, hits new high; stock gains 29% post strong Q1 nos

The company reported a 3.3-fold jump in Q1 net profit at Rs 435.66 crore, following which the stock has rallied smartly in the last seven trading sessions.

Fertilisers, farming
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SI Reporter Mumbai
Shares of Deepak Fertilisers and Petrochemicals Corporation registered a new life-time high at Rs 838.95, up 5 per cent in Thursday's intra-day trade on the BSE. The stock has rallied nearly 29 per cent in the last seven trading sessions after the company reported a solid set of June quarter results.

At 11:17 AM, the stock was at the day's high with trades of around 38,0000 shares on the BSE. Meanwhile, the S&P BSE Sensex was up 0.1 per cent, and had gained a litte over 6 per cent in the last seven days.

The stock has been a strong