Deepak Nitrite Limited Share Price Today

Techno Funda Ratings

RS Rating
49
Weak
EPS Rating
14
A/D Rating
B
Strong

Key Metrics

Current Price

₹1708

Market Cap

₹ 23,296 Cr.

Stock P/E

42.2

ROE

9.82 %

RSI

48.41

Trend

Bullish

Share Price Chart

Technical Commentary

Deepak Nitrite Ltd currently shows Bullish momentum based on moving averages, RSI behavior, earnings strength and institutional accumulation activity. The stock currently has an Accumulation Distribution Rating of B, a Relative Strength Rating of 49 and an EPS Rating of 14. TI65 trend indicator currently remains Neutral.

Buy or Sell Analysis

Symmetric Breakout Squeeze Play (Neutral / Monitor Closely). Deepak Nitrite Ltd is locked in a tight, compressed congestion zone, trading within a razor-thin 1.5% margin of its 50-day moving average (1683.5). This tight price convergence, coupled with a completely balanced RSI signature of 48.41, indicates a near-perfect equilibrium between buyers and sellers. Corporate valuation variables (Stock P/E: 42.2, ROE: 9.82%) are balanced, meaning the stock is coiled and awaiting a fresh structural catalyst. Volatility contraction patterns like this typically precede a massive, high-volume directional breakout. Active breakout traders should remain neutral, preserve cash, and set price alerts just beyond immediate resistance ceilings (R1) or support floors (S1) to catch the next major expansion wave.

Company Overview

Incorporated in 1970, Deepak Nitrite Ltd manufactures Basic Intermediates, Fine & Speciality Chemicals, Performance Products, and Phenolics[1]

Deepak Nitrite Ltd share price remains one of the actively tracked stocks on NSE among traders and long term investors.

The latest Deepak Nitrite Ltd share price NSE movement reflects ongoing investor interest driven by company fundamentals, sector performance and broader market sentiment.

From a technical analysis perspective, the Deepak Nitrite Ltd share price chart currently indicates a Bullish trend based on moving averages and RSI momentum analysis.

Technical Analysis

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IndicatorValue
Current Price1708
RSI (14)48.41
50 DMA1683.5
200 DMA1639.82
TrendBullish
A/D RatingB
RS Rating49
EPS Rating14
TI650.99
TI65 TrendNeutral

Pivot Points Analysis

Daily pivot points for Deepak Nitrite Limited calculated using previous trading session data. These levels help traders identify intraday support, resistance and breakout zones using Classic Pivot Point methodology.

Classic Pivot Points

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LevelValue
R3₹1801.24
R2₹1778.07
R1₹1743.04
PP₹1719.87
S1₹1684.84
S2₹1661.67
S3₹1626.64

Financial Ratios

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MetricValue
Market Cap₹ 23,296 Cr.
Current Price₹ 1,708
High / Low₹ 1,955 / 1,280
Stock P/E42.2
Book Value₹ 428
Dividend Yield0.44 %
ROCE11.4 %
ROE9.82 %
Face Value₹ 2.00

Quarterly Results

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QuarterSalesProfitOPM
Mar 20231,96123418%
Jun 20231,76815012%
Sep 20231,77820517%
Dec 20232,00920215%
Mar 20242,12625414%
Jun 20242,16720314%
Sep 20242,03219415%
Dec 20241,903989%
Mar 20252,18020215%
Jun 20251,89011210%
Sep 20251,90211911%
Dec 20251,97510011%
Mar 20262,12022018%

Shareholding Pattern

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HolderHolding
Promoters 46.52%
FIIs 14.41%
DIIs 11.59%
Public 27.48%
No. of Shareholders16,744
Government 0.00%

Pros and Cons

Pros

  • Strong technical momentum with price holding comfortably above the 50 DMA (1683.5).

Cons

    Related NSE Stocks

    Frequently Asked Questions

    What is the current technical trend and RSI for Deepak Nitrite Ltd share?

    Based on the latest closing data, the technical momentum for Deepak Nitrite Ltd is currently evaluated as Bullish. The stock is exhibiting an RSI (14) of 48.41, indicating it is trading in a neutral balanced zone. Key tracking supports are currently located near the daily pivots, with price relative to the 50 DMA (1683.5) defining immediate multi-day trend patterns.

    What are the key resistance and support pivot points for Deepak Nitrite Ltd?

    According to Classic Pivot Point methodologies, the core trading floor for Deepak Nitrite Ltd today centers at a Pivot Point (PP) of ₹1719.87. Upside resistance challenges are calculated at R1: ₹1743.04, R2: ₹1778.07, and R3: ₹1801.24. Conversely, if selling pressure intensifies, immediate floor support targets are positioned at S1: ₹1684.84, S2: ₹1661.67, and S3: ₹1626.64.

    How does the fundamental ROE and P/E ratio look for Deepak Nitrite Ltd?

    Deepak Nitrite Ltd is currently trading with a valuation metrics context of a Stock P/E of 42.2, against a core structural efficiency Return on Equity (ROE) standing at 9.82 %. This fundamental operational efficiency baseline is coupled with an EPS Rating of 14, allowing investors to track how corporate profitability trends align with current price discovery cycles on the National Stock Exchange (NSE).

    Should I buy or sell Deepak Nitrite Ltd shares based on corporate rankings?

    Our dynamic trade matrix suggests a status of: Symmetric Breakout Squeeze Play (Neutral / Monitor Closely). Deepak Nitrite Ltd ... For long-term portfolios, decision-making should match the stock's market performance profile, which currently displays an institutional Accumulation/Distribution (A/D) grade of B, a Relative Strength (RS) ranking of 49, and long-term trend backing from the TI65 indicator (Neutral pattern).

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