Multibagger inventory: Inventory market buyers in search of multibagger shares for 2022 are busy discovering high quality shares which can be obtainable at discounted worth after the latest massacre. For such buyers of the secondary markets, Deepak Nitrite is usually a good wager in long run, say specialists. Inventory market specialists mentioned that the inventory has shed lots and there may be sharp rebound within the counter from decrease ranges, as soon as there’s pattern reversal within the markets. This chemical inventory is among the multibagger shares in 2021 which have delivered stellar return to its shareholders in long run.
Deepak Nitrite share worth historical past
For final six months, this multibagger inventory has been underneath selloff warmth. In final one month, Deepak Nitrite share worth has come down from round ₹2660 to ₹2058 ranges, sliding close to 22 per cent on this time whereas in final 6 months, it has misplaced round 4 per cent. In year-to-date time, this chemical inventory has plummeted from ₹2530 to ₹2058, shedding close to 19 per cent in 2022. Regardless of such enormous selloff by shareholders, the inventory has delivered 75 per cent return to its shareholders in final one yr. In final 5 years, the multibagger inventory has risen from ₹103.65 to ₹2058 apiece ranges, logging close to 1900 per cent on this interval.
Equally, in final 10 years, this multibagger chemical inventory has surged from ₹15.21 ranges (shut worth on seventeenth February 2012 on NSE) to ₹2058 ranges (shut worth on 14th February 2022 on NSE), appreciating round 135 instances on this time span.
Impression on funding
Taking cue from Deepak Nitrite share worth historical past, if an investor had invested ₹1 lakh on this chemical inventory one month in the past, its ₹1 lakh would have turned to ₹78,000 at this time whereas it will have turned to ₹96,000 in final 6 months. If an investor had invested ₹1 lakh on this inventory one yr in the past, its ₹1 lakh would have turned to ₹1.75 lakh at this time. Likewise, if an investor had invested ₹1 lakh on this multibagger chemical inventory 5 years in the past and had remained invested within the counter until date, its ₹1 lakh would have turned to ₹20 lakh at this time.
Equally, if an investor had invested ₹1 lakh on this multibagger inventory 10 years in the past shopping for one inventory at ₹15.21 ranges and had remained invested within the scrip all through this era, its ₹1 lakh would have turned to ₹1.35 crore at this time.
Deepak Nitrite share worth prediction
Nevertheless, inventory market analysts are nonetheless bullish on the counter as they consider the inventory can provide sharp rebound from tis lows within the case of pattern reversal within the secondary market.
On day buying and selling shares to purchase at this time; Sumeet Bagadia, Govt Director at Selection Broking mentioned, “The inventory has been underneath profit-booking strain because it has delivered stellar return to its shareholders publish first wave of Covid-19 selloff. Nevertheless, the inventory is now wanting optimistic on chart sample and it could bounce again from its latest lows. I counsel recent entry within the scrip at present ranges for close to time period targets of ₹2100 and ₹2200 sustaining cease loss at ₹2000 apiece ranges.”
Extra about Deepak Nitrite shares
After scaling to its life-time excessive of ₹3020 per share in October 2021, this one of many multibagger shares in 2021 has been underneath selloff strain, particularly after the weak quarterly leads to chemical phase. This life-time excessive of Deepak Nitrite shares is its 52-week excessive as nicely whereas 52-week low of Deepak Nitrite share worth is 1131 apiece ranges on NSE. Its present market capital is ₹28,140 crore whereas it P/E ratio is 25.76. Its dividend yield is 0.22 per cent.
Disclaimer: The views and suggestions made above are these of particular person analysts or broking firms, and never of Mint.
Supply: Live Mint