In a significant insider transaction, Smt. Ila D. Mehta, a member of the promoter group of Deepak Nitrite Ltd., has purchased 30,700 shares of the company. The transaction, valued at ₹5,82,92,248, was executed at an average price of ₹1,898.77 per share through a market deal on February 17, 2025.

Following this acquisition, Ila D. Mehta's total shareholding in Deepak Nitrite stands at 5,72,710 shares, representing a 0.42% stake in the company. This move signifies continued confidence from the promoter group in the growth prospects of Deepak Nitrite.

Investors often view promoter buying as a positive signal, reflecting the insiders' belief in the company's future performance. Market participants will keenly observe how this development influences the stock's movement in the coming days.

In the third quarter of fiscal year 2025 (Q3 FY25), revealing a significant decline in profitability. The company's consolidated net profit decreased by 51.5% year-on-year to ₹98 crore, down from ₹202 crore in the same period last year. Revenue from operations also saw a reduction of 5.3% YoY, standing at ₹1,903.4 crore compared to ₹2,009.2 crore in Q3 FY24. 

Prior to the earnings release, the stock was trading at ₹2,238.25 on February 13, 2025. Following the sharp decline on February 14, the share price showed slight recovery,Now Shares Trading at 1,913 on 19th February 2025

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