Deepak Nitrite's prospect continues to be driven by phenolics biz
- Deepak Nitrite will continue to accrue benefits from the country’s growing demand and import substitutions. Being a basic manufacturer, it also has a good edge over cost competition
Deepak Nitrite is seeing strong investor confidence with its stock prices more than doubling year to date. The company, which is an established manufacturer of phenol, acetone, and isopropyl alcohol through its subsidiary Deepak Phenolics, has continued to benefit from rising prices of phenol derivatives.
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