Latest news with #DeepakNitrite
Mint
5 days ago
- Business
- Mint
Britannia, GAIL among 5 Key stocks to trade Ex-dividend today, 4 August 2025
Dividend Stocks 2025: Britannia, GAIL, Deepak Nitrite, Praj Industries, and Emkay Global Financial Services Ltd. are among 5 key stocks to trade ex-dividend today, 4 August 2025. These companies, like many others, have set August 4, 2025, as the record date for identifying and approving a list of eligible shareholders for dividends. To be included on the list of eligible shareholders for dividends under the T+1 settlement method, investors must purchase stock in these companies at least one day prior to the record date. Britannia Industries Limited- BRITANNIA recommended a final dividend of ₹ 75/- per equity share with a face value of ₹ 1/- for the fiscal year ending March 31, 2025, to be declared at the 106th Annual General Meeting. The 106th AGM is to be held on Monday, 11th August, 2025. DEEPAKNTR—Deepak Nitrite had recommended a dividend of Rs. 7.50 per share to be approved at the 54th Annual General Meeting ("AGM") of the Company. The AGM will be held on Thursday, August 14, 2025. GAIL India—The company recommended paying a 10% final dividend (Re. 1.00 per equity share) on its paid-up equity share capital, subject to shareholder approval at the upcoming Annual General Meeting. Praj Industries Ltd—PRAJIND had recommended a final dividend of Rs. 6.00 per share at the 39th Annual General Meeting (AGM) scheduled to be held on Monday, the 11th of August, 2025. EMKAY had recommended a dividend for the fiscal year 2024-25 of Rs. 4/- per equity share (i.e., Rs. 1.50 normal dividend + Rs. 2.50 special dividend), which is 40% of the face value of Rs. 10/- per share. This will be approved by shareholders at the upcoming Annual General Meeting of the Company. FAIRCHEMOR for Final Dividend of Rs. 7.50 GANDHITUBE for Final Dividend Rs. - 15.00 GREENPLY for a final dividend of Rs. - 0.50 WESTLIFE for an Interim Dividend— ₹ - 0.7500 Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
01-08-2025
- Automotive
- Business Standard
Stocks to Watch today, Aug 1: Coal India, Swiggy, JSW Energy, Eicher Motors
Stocks to Watch Today, Friday, August 1, 2025: The benchmark Indian equity indices are likely to start the week's last trading session on a lower note, with GIFT Nifty futures trading 137 points lower at 24,734 as of 08:03 AM. Markets in the Asia-Pacific were trading lower on Friday as investors digested US President Donald Trump's latest tariffs. South Korea's Kospi index was down 2 per cent, Australia's S&P/ASX 200 was down 0.94 per cent, and Japan's Nikkei 225 fell 0.65 per cent. Overnight in the US, Wall Street's major indices ended lower as early gains faded, following the latest round of corporate earnings and economic data. The Dow Jones Industrial Average closed down 0.74 per cent, the broader S&P 500 settled 0.37 per cent lower, and the tech-heavy Nasdaq Composite slipped 0.03 per cent. Meanwhile, here is the list of stocks to watch during today's trading session: Maruti Suzuki India: The country's largest carmaker reported a marginal year-on-year (Y-o-Y) rise of 0.8 per cent in its consolidated net profit to ₹3,792.4 crore during the first quarter of FY26 (Q1FY26), compared to ₹3,759.7 crore in the corresponding quarter of the previous fiscal (Q1FY25). Total income for Q1FY26 stood at ₹40,493 crore, up 10 per cent from ₹36,840 crore in Q1FY25. Swiggy: The food delivery platform posted a consolidated net loss of ₹1,197 crore in Q1FY26, widening from ₹611 crore in Q1FY25. However, revenue from operations rose 52 per cent Y-o-Y to ₹5,048 crore from ₹3,310 crore. On the flip side, total expenses surged 60 per cent to ₹6,244 crore from ₹3,908 crore during the same period. Deepak Nitrite: The company informed the exchanges that its wholly owned subsidiary, Deepak Chem Tech Limited (DCTL), has issued and allotted 50,00,000 9 per cent Optionally Convertible Redeemable Preference Shares (OCRPS), with a face value of ₹100 each, aggregating to ₹50 crore. JSW Energy: The company reported a 42 per cent Y-o-Y rise in consolidated net profit for Q1FY26 at ₹743 crore, compared to ₹522 crore in Q1FY25. Total revenue stood at ₹5,411 crore, up 78 per cent from ₹3,043 crore in the same period last year. City Union Bank: The bank reported a 16 per cent Y-o-Y increase in net profit to ₹306 crore in Q1FY26, compared to ₹264 crore in Q1FY25. Total income stood at ₹1,849 crore, up from ₹1,580 crore. Operating profit rose to ₹451 crore from ₹373 crore during the same period. Coal India: The country's largest coal producer posted a 20 per cent decline in consolidated net profit to ₹8,734.17 crore in Q1FY26, from ₹10,943.55 crore in Q1FY25. The company's total income fell to ₹37,458.05 crore from ₹39,388.47 crore. The board has also declared the first interim dividend for FY26 at ₹5.50 per equity share (face value ₹10). Eicher Motors: The company reported a 9.4 per cent rise in consolidated net profit to ₹1,205 crore in Q1FY26, from ₹1,101 crore in Q1FY25, driven by record revenue and strong vehicle sales by Royal Enfield and VE Commercial Vehicles (VECV). Revenue from operations rose 14.8 per cent to ₹5,042 crore from ₹4,393 crore. Nestle India: The company's chairman and managing director Suresh Narayanan has retired as of July 31, 2025. Mankind Pharma: The company reported a 17 per cent decline in consolidated profit after tax (PAT) at ₹445 crore in Q1FY26, compared to ₹538 crore in Q1FY25. However, revenue from operations rose to ₹3,570 crore from ₹2,868 crore. TVS Motor Company: The automaker reported a 32 per cent Y-o-Y rise in net profit to ₹610 crore in Q1FY26, driven by its highest-ever quarterly sales, up from ₹461 crore in Q1FY25. Revenue from operations rose 18 per cent Y-o-Y to ₹12,210 crore from ₹10,314 crore. Emami: The FMCG major reported a 9 per cent Y-o-Y increase in consolidated net profit to ₹164 crore in Q1FY26, up from ₹150.6 crore. Consolidated revenue from operations was ₹904.1 crore, nearly flat compared to ₹906.1 crore in Q1FY25. NCC: The company received two orders in July 2025, totaling ₹791.54 crore (excluding GST). Of this, ₹461.39 crore pertains to the Buildings Division, and ₹330.15 crore to the Electrical Division. Q1FY26 results Among the companies to release their Q1FY26 results include ITC, Adani Power, LIC Housing Finance, Tata Power Company, UPL, LIC Housing Finance, Delhivery, GlaxoSmithKline Pharmaceuticals, Godrej Properties, Symphony, JK Lakshmi Cement, Jupiter Life Line Hospitals, G R Infraprojects, and Graphite India. Multi Commodity Exchange of India (MCX), Narayana Hrudayalaya, Symphony, and Tube Investments of India will also release their Q1FY26 results today.
Mint
15-07-2025
- Business
- Mint
Recommended stocks to buy today, 15 July, by India's leading market experts
Tracing a bearish trend throughout Monday's trading hours, the Nifty 50 opened at 25,149.50 points, nearly unchanged from Friday's closing of 25,149.85, before falling to as low as 25,001.95 during the day. The BSE Sensex opened at 82,537.87 and dropped to as low as 82,010.38. On to stock picks for Tuesday, 15 July, as recommended by some of India's leading market experts. Two stocks to buy today, recommended by Trade Brains Portal Why Deepak Nitrite is recommended: Founded in 1970, Deepak Nitrite Ltd is a prominent producer of chemical intermediates, offering a wide range of goods to the agrochemical, pharmaceutical, plastics, textile, paper, and home personal care industries in India and overseas, including phenolics, acetone, dyes & pigments, and IPA. The company sells its products to over 45 countries on six continents through eight manufacturing facilities spread across five key locations and two project sites presently under construction. The company has more than 1,000 customers, more than 34 products, and more than 56 applications as of FY25. The company has reported resilient performance in FY25 with a total-transport-systems-share-price-nse-bse-s0004808"> total income of ₹8,365.79 crore, up by 8% from ₹7,757.93 crore in the previous year. EBITDA stood at ₹1,176 crore with an EBITDA margin of 14.2%. With several new steps into increasing innovation, by Q2 of FY26, the company hopes to have its new, top-notch R&D unit in Savli, Vadodara, operational after investing between ₹100 and ₹115 crore. The company anticipates commissioning the downstream acetone derivatives, MIBK and MIBC, by the second part of FY26. To promote digitalization throughout the company, DNL has deployed the SAP S4 HANA ERP system in addition to a number of other innovative technological platforms. Looking forward, the company is anticipated to spend between ₹1,200 and ₹1,500 crore on cash capital expenditures in FY26. In sectors like polycarbonate and nitric acid, the investments are in line with well-coordinated strategies that incorporate both forward and backward integration. Additionally, its subsidiary Deepak Chemical Tech Ltd is prepared to invest ₹14,000 crore over the next three to four years in the production of innovative chemicals for the materials industry, thanks to strong relationships with the Gujarat government. Additionally, DNL is developing new platforms for fluorination, cyanation, and other processes as it ventures into new product frontiers such as chemicals, bisphenol A, polycarbonate, and MMA. In addition to high-impact industrial solvents and energy applications, the new products will cater to consumers in the pharmaceutical and personal care sectors. The CNA & WNA factory for nitric acid is one of four projects the business plans to commission in Q2 FY26. These initiatives will improve upstream integration, reduce costs, raise sustainability, and expand value chain participation. Risk factor: Large capital investment projects, such as capacity expansions and new product lines, are being undertaken by Deepak Nitrite. These projects' size and complexity put the business at risk for execution issues like delays, overspending, and integration problems. Furthermore, China's excess supply and poor demand have resulted in persistent pricing pressure on Deepak Nitrite, especially in agrochemical intermediates. Lower sales realizations and decreased profitability are the results of this. Pressure has been placed on the industry by recent rises in US tariffs on Indian chemical imports, which went from 3.5% to 27%. Why Titan Co. is recommended: Established in 1984 as a joint venture between the Tata Group and Tamil Nadu Industrial Development Corporation (TIDCO), Titan Company Ltd. has remained a frontrunner in the lifestyle industry, building a strong and diverse portfolio of iconic brands across watches & wearables, eye care, fragrances & women's bags, and Indian dresswear. The company's physical footprints are spread across 435 towns with 3,312 stores comprising 47 lakh sq. ft of retail area, and it has 11 manufacturing and assembly facilities across the country. The company crossed ₹50,000 crore in revenues. For the full year FY25, the company reported revenue from operations of ₹60,456 crore, which grew 18.34% over FY24. The EBIT grew 5% to ₹5,488 crore, and the PBT declined by 2% to ₹4,535 crore, mainly due to the impact of customs duty reduction on gold during the year. The analog watch business continued its strong growth trajectory by product innovation, whereas the eyecare business has returned to the double-digit growth trajectory in the third and fourth quarters of Financial Year 2024-25 and is poised for even better growth in Financial Year 2025-26. Going forward, the company plans to open 40-50 new stores in Tanishq and is looking at renovating or relocating 50-60 existing stores in the next 18 months. Their jewellery division has tied up with international diamond supplier De Beers to jointly educate customers, co-promote Tanishq Diamonds, and reduce confusion amongst customers between natural and lab-grown/synthetic diamonds. The company is targeting revenue growth of 15-20% this year and plans toscale the international business to $300 million in revenue in FY26. Risk factor: The jewelry sales are influenced by seasonal factors such as festivals and auspicious days; also, fluctuations in gold prices directly affect consumer demand, working capital requirements, and profitability. Moreover, the Indian jewelry retail industry is highly fragmented, with significant competition from both organized and unorganized players. Increased competition can impact Titan's market share and margins, despite its strong brand equity. Three stocks recommended by NeoTrader's Raja Venkatraman Buy at current market price, and dips to ₹369 | Stop: ₹360 | Target: ₹405-420 Why Grm Overseas is recommended: GRM Overseas is primarily involved in milling, processing, and marketing basmati rice, both domestically and internationally. Strong demand recovery in the food sector segment supports price stability and growth potential. The charts indicate a steady upward bias after some consolidation hinting at higher levels. Key metrics Buy at current market price, and dips to ₹1,920 | Stop: ₹1,890 | Target: ₹2,150-2,200 Why Cartrade is recommended: Signs of reversal from oversold zones signal potential upside. Demand at lower levels showcases optimism for recovery in coming sessions. The sharp breakout with volumes forming long body candles in the last 3 trading sessions highlight strong upside potential. Key metrics Technical analysis: Support at ₹1,800; resistance at ₹2,300 Risk factors: Broader downward trend in the stock market, particularly impacting midcap IT software companies and revenue growth Buy at: CMP and dips to ₹1,920 Target price: ₹2,150-2,200 in 1 month Stop-loss: ₹1,890 Buy at current market price, and at dips to ₹140 | Stop: ₹135 | Target: ₹165-170 Why Navneet Education is recommended: Gradual accumulation at critical support levels highlights strong investor interest, supported by consistent growth in revenue. The prices have firmly closed above the Ichimoku Bands with a long body candle highlighting the bullish interest. With volumes picking up supported by an increasing momentum can be a potential buy candidate. Key metrics Technical analysis: Support at ₹135; resistance at ₹155 Risk factors: Reliance on syllabus changes for publication revenue, geographical concentration in Maharashtra and Gujarat, and competition in the stationery market Buy at: CMP and dips to ₹140 Target price: ₹165-170 in 1 month Stop-loss: ₹135 Two stock recommendations by MarketSmith India Stop loss: ₹ 778 Trade Brains Portal is a stock analysis platform. Its trade name is Dailyraven Technologies Pvt. Ltd, and its Sebi-registered research analyst registration number is INH000015729. Raja Venkatraman is the co-founder of NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. Its trade name is William O'Neil India Pvt. Ltd, and its Sebi registration number is INH000015543. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
03-06-2025
- Business
- Economic Times
JM Financial retains Buy on Deepak Nitrite, keeps target price unchanged at Rs 2,305
Deepak Nitrite's key products/revenue segments include Fine Chemicals, Export Incentives, Scrap, Sale of services and Other Operating Revenue for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 2202.48 crore, up 14.45% from last quarter Total Income of Rs 1924.39 crore and up 2.66% from last year same quarter Total Income of Rs 2145.34 crore. The company has reported net profit after tax of Rs 202.50 crore in the latest quarter. The company's top management includes C Mehta, Asher, Sheth, Lalbhai, Shah, Samudra, Satarkar, Mehta, C Mehta, Upadhyay, D Mehta, Choksi. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-03-2025, the company has a total of 14 Crore shares outstanding. Live Events Investment Rationale Deepak Nitrite's 4QFY25 earnings print was significantly better than our and consensus expectations primarily on account of government incentives. The company will continue to receive these incentives on the existing phenol complex as well the upcoming polycarbonate complex. On the operational front, advanced intermediates (AI) performance showed sequential improvement. Going ahead, volume normalisation in the AI segment is likely from 2HFY26. Moreover, commissioning of backward integration capex in the AI segment (including nitric acid, photo chlorination) should help lift AI segment margins from 2QFY26, according to JM FInancial. On the phenolics side, benefits of MIBK/MIBC and acetophenone commissioning are likely to flow through from 3QFY26. Besides that, we are also factoring in some improvement in phenol-acetone spreads. There has been a delay in the commissioning of various projects. Hence, on overall basis, the brokerage's FY26-27 EPS estimates are revised downwards by ~1%. Since Deepak Nitrite has the potential to more than quadruple its EBITDA over thenext 5 years, JM Financial maintains their BUY rating on the name with an unchanged Mar?26 target price of Rs 2,305/share (based on 30x Mar?27E EPS). Promoter/FII Holdings Promoters held 49.28 per cent stake in the company as of 31-Mar-2025, while FIIs owned 6.64 per cent, DIIs 23.22 per cent. (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel JM Financial has maintained Buy call on Deepak Nitrite with a target price of Rs 2,305 (unchanged). The current market price of Deepak Nitrite is Rs 2027.75. The time period given by the analyst is a year when Deepak Nitrite price can reach the defined target. Deepak Nitrite, incorporated in 1970, is a Mid Cap company with a market cap of Rs 27650.96 crore, operating in Chemicals Nitrite's key products/revenue segments include Fine Chemicals, Export Incentives, Scrap, Sale of services and Other Operating Revenue for the year ending the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 2202.48 crore, up 14.45% from last quarter Total Income of Rs 1924.39 crore and up 2.66% from last year same quarter Total Income of Rs 2145.34 crore. The company has reported net profit after tax of Rs 202.50 crore in the latest company's top management includes C Mehta, Asher, Sheth, Lalbhai, Shah, Samudra, Satarkar, Mehta, C Mehta, Upadhyay, D Mehta, Choksi. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-03-2025, the company has a total of 14 Crore shares Nitrite's 4QFY25 earnings print was significantly better than our and consensus expectations primarily on account of government incentives. The company will continue to receive these incentives on the existing phenol complex as well the upcoming polycarbonate complex. On the operational front, advanced intermediates (AI) performance showed sequential improvement. Going ahead, volume normalisation in the AI segment is likely from 2HFY26. Moreover, commissioning of backward integration capex in the AI segment (including nitric acid, photo chlorination) should help lift AI segment margins from 2QFY26, according to JM FInancial. On the phenolics side, benefits of MIBK/MIBC and acetophenone commissioning are likely to flow through from 3QFY26. Besides that, we are also factoring in some improvement in phenol-acetone spreads. There has been a delay in the commissioning of various projects. Hence, on overall basis, the brokerage's FY26-27 EPS estimates are revised downwards by ~1%. Since Deepak Nitrite has the potential to more than quadruple its EBITDA over thenext 5 years, JM Financial maintains their BUY rating on the name with an unchanged Mar?26 target price of Rs 2,305/share (based on 30x Mar?27E EPS).Promoters held 49.28 per cent stake in the company as of 31-Mar-2025, while FIIs owned 6.64 per cent, DIIs 23.22 per cent. (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
Time of India
03-06-2025
- Business
- Time of India
JM Financial retains Buy on Deepak Nitrite, keeps target price unchanged at Rs 2,305
Deepak Nitrite's key products/revenue segments include Fine Chemicals, Export Incentives, Scrap, Sale of services and Other Operating Revenue for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 2202.48 crore, up 14.45% from last quarter Total Income of Rs 1924.39 crore and up 2.66% from last year same quarter Total Income of Rs 2145.34 crore. The company has reported net profit after tax of Rs 202.50 crore in the latest quarter. The company's top management includes C Mehta, Asher, Sheth, Lalbhai, Shah, Samudra, Satarkar, Mehta, C Mehta, Upadhyay, D Mehta, Choksi. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-03-2025, the company has a total of 14 Crore shares outstanding. Live Events Investment Rationale Deepak Nitrite's 4QFY25 earnings print was significantly better than our and consensus expectations primarily on account of government incentives. The company will continue to receive these incentives on the existing phenol complex as well the upcoming polycarbonate complex. On the operational front, advanced intermediates (AI) performance showed sequential improvement. Going ahead, volume normalisation in the AI segment is likely from 2HFY26. Moreover, commissioning of backward integration capex in the AI segment (including nitric acid, photo chlorination) should help lift AI segment margins from 2QFY26, according to JM FInancial. On the phenolics side, benefits of MIBK/MIBC and acetophenone commissioning are likely to flow through from 3QFY26. Besides that, we are also factoring in some improvement in phenol-acetone spreads. There has been a delay in the commissioning of various projects. Hence, on overall basis, the brokerage's FY26-27 EPS estimates are revised downwards by ~1%. Since Deepak Nitrite has the potential to more than quadruple its EBITDA over thenext 5 years, JM Financial maintains their BUY rating on the name with an unchanged Mar?26 target price of Rs 2,305/share (based on 30x Mar?27E EPS). Promoter/FII Holdings Promoters held 49.28 per cent stake in the company as of 31-Mar-2025, while FIIs owned 6.64 per cent, DIIs 23.22 per cent. (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel JM Financial has maintained Buy call on Deepak Nitrite with a target price of Rs 2,305 (unchanged). The current market price of Deepak Nitrite is Rs 2027.75. The time period given by the analyst is a year when Deepak Nitrite price can reach the defined target. Deepak Nitrite, incorporated in 1970, is a Mid Cap company with a market cap of Rs 27650.96 crore, operating in Chemicals Nitrite's key products/revenue segments include Fine Chemicals, Export Incentives, Scrap, Sale of services and Other Operating Revenue for the year ending the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 2202.48 crore, up 14.45% from last quarter Total Income of Rs 1924.39 crore and up 2.66% from last year same quarter Total Income of Rs 2145.34 crore. The company has reported net profit after tax of Rs 202.50 crore in the latest company's top management includes C Mehta, Asher, Sheth, Lalbhai, Shah, Samudra, Satarkar, Mehta, C Mehta, Upadhyay, D Mehta, Choksi. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-03-2025, the company has a total of 14 Crore shares Nitrite's 4QFY25 earnings print was significantly better than our and consensus expectations primarily on account of government incentives. The company will continue to receive these incentives on the existing phenol complex as well the upcoming polycarbonate complex. On the operational front, advanced intermediates (AI) performance showed sequential improvement. Going ahead, volume normalisation in the AI segment is likely from 2HFY26. Moreover, commissioning of backward integration capex in the AI segment (including nitric acid, photo chlorination) should help lift AI segment margins from 2QFY26, according to JM FInancial. On the phenolics side, benefits of MIBK/MIBC and acetophenone commissioning are likely to flow through from 3QFY26. Besides that, we are also factoring in some improvement in phenol-acetone spreads. There has been a delay in the commissioning of various projects. Hence, on overall basis, the brokerage's FY26-27 EPS estimates are revised downwards by ~1%. Since Deepak Nitrite has the potential to more than quadruple its EBITDA over thenext 5 years, JM Financial maintains their BUY rating on the name with an unchanged Mar?26 target price of Rs 2,305/share (based on 30x Mar?27E EPS).Promoters held 49.28 per cent stake in the company as of 31-Mar-2025, while FIIs owned 6.64 per cent, DIIs 23.22 per cent. (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
