Deepak Fertilisers zooms 50% in four weeks on strong demand outlook

The company expects their market leadership in key product segments and strong demand outlook to drive business growth and profitability.

Shares of Deepak Fertilisers & Petrochemicals Corporation (DFPCL) were locked 5 per cent upper circuit at Rs 974.95 and hit fresh record high in Tuesday's trade. Till 02:33 PM; a combined 810,000 equity shares changed hands against pending buy orders of 70,000 shares on the NSE and BSE.

In the past four weeks, the stock has zoomed 50 per cent on healthy earnings and strong demand outlook. In comparison, the S&P BSE Sensex was up 5 per cent. The stock soared 150 per cent in a year, as against 6 per cent rise in the benchmark index.

DFPCL