Multibagger Fertilizer Stock Hits Fresh Consecutive High, Rallies 95% YTD

  • Investing.com
  • Stock Market News
Multibagger Fertilizer Stock Hits Fresh Consecutive High, Rallies 95% YTD

By Malvika Gurung

Investing.com -- Shares of the leading industrial and agrochemicals manufacturer Deepak Fertilisers and Petrochemicals (NS: DPFE ) hit an upper circuit for the third consecutive session on Tuesday, recording a new 52-week high, a day after hitting its lifetime high on August 1.

The fertilizers manufacturer hit a 5% upper circuit on Tuesday, along with a fresh 52-week high of Rs 783.55 apiece, only a day after posting its lifetime high of Rs 746.25/share.

The mid-cap stock has rallied 94.4% so far this year. 

The multibagger stock has been on an upward trend since reporting its stellar Q1 FY23 earnings results last week, posting a multifold jump in net profit on a YoY basis.

The company’s consolidated net profit rallied a whopping 233% YoY to Rs 436 crore in the June quarter, while revenue from operations surged 59.4% YoY to Rs 3,031 crore and operating EBITDA soared 155% YoY to Rs 740 crore in the period.

Its operating EBITDA margin too increased to 24.3% in the quarter from 15.2% in the year-ago period. 

The leading fertilizer scrip has skyrocketed over 400% in the past two years.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100

Related Articles