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Deepak nitrite share price target 2023, 2025, 2030

Hello dear readers, welcome back to another share price target article wherein we provide a detailed forecast about the stocks’ performance for the respective years mentioned. We are passionate stock market leaders as well as investors. Note that the analysis is done only based on the previous moment of the stock and the company’s growth. So, let’s directly look at the stock target details.

In this article, we are analyzing “Deepak nitrite share price target 2023, 2025, 2030” where we will uncover the stock performance in the past and the future forecast of the stock in 2023, 2025, and 2030. Please read the complete article to understand the stock’s price prediction.

Deepak nitrite company details

Deepak Chemical is a chemical sector company that manufactures Basic Intermediates, Fine& Speciality Chemicals, Performance Products, and Phenolics. The product segment is divided into two parts and which are the Advanced Intermediates and Phenolics segments.

The chemical industry is expected to grow at a rate of 9.3%. to US$ 383 billion by 2030

Deepak nitrite share price target 2023

The company has a 75% market share in producing sodium nitrite, sodium nitrate, and NitroToluenes in India. Deepak Nitrite also has a 50% market share in exporting Phenol and Acetone. Deepak Nitrite is really a strong fundamental midcap stock that can turn into a multibagger in the future.

TDeepak Nitire manufactures Phenol, Acetone, and IPA. The share price target of Deepak Nitire in 2023 will be 2,089 to 2,200

Deepak nitrite share price target 2025

Deepak nitrite generates 18% of its revenue from Basic Intermediates which include the manufacturing of nitrites, nitrogen toluidines, and fuel additives used in Colorants, Petrochemicals, rubbers, Agrochemicals, Pharmaceuticals, and other industries. The company has an added advantage in the domestic market as the 78% of its revenue comes from India itself.

The company’s product applications are Pharmaceuticals, Agrochemicals, Resins, Personal Care, Petrochemicals, Adhesives, Dyes and Pigments, Paper Coatings, Fuel Additives, Detergents, and Adol Chemicals. As the company is highly leveraged in the chemical sector that too capturing 75% market share we can expect the price to rise from 2,600 to 2,745

Deepak nitrite share price target 2030

The company has 6 fully integrated manufacturing facilities in 5 states. We must be aware that the chemical sector is not too competitive compares to other companies like technology or automotive. Since the investment to establish the plant requires a lot of money. This is where the company has an advantage. The company also has successfully completed the Brownfield expansion.

Deepak Nitrite is investing around Rs. 300 Cr. into new products based on environmentally friendly technologies for agrochemical and pharmaceutical intermediate. Long-term results are truly positive and we can expect the target price in 2030 to be 12,112 to 13,565

YearDeepak nitrite share price target
20232,089 to 2,200
20252,600 to 2,745
203012,112 to 13,565
Deepak nitrite share price target table

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Deepak nitrite is really a good bet if you are looking for long-term returns. In this article, we have discussed “Deepak nitrite share price target 2023, 2025, 2030”. Follow our share price targets page to get to know other companies’ share price targets.


Varun is a stock market enthusiast and passionate writer. He has 2+ years of experience in writing about stock market and personal finance.

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