Deepak Nitrite Share Price History & Returns (1990 To 2024)
Show Table of Contents
Table of Contents
- 1: Deepak Nitrite Share Highlights
- 1.1: 52-Week High Low
- 1.2: All Time High
- 2: Short Info About Deepak Nitrite
- 3: Deepak Nitrite Recent Performance
- 4: Deepak Nitrite Share Price Chart From 1990 to 2024
- 5: Deepak Nitrite Share Price History Table From 1990 to 2024
- 6: Analyzing the Impact of Investing in Deepak Nitrite
- 6.1: Deepak Nitrite Share Returns In Last 5 Years
- 6.2: Deepak Nitrite Share Returns In Last 10 Years
- 6.3: Deepak Nitrite Share Returns In Last 15 Years
- 6.4: Deepak Nitrite Share Returns In Last 20 Years
- 6.5: Deepak Nitrite Share VS FD (Normal) VS FD (Compounding)
Deepak Nitrite Share Highlights
As of Thu 21 Nov 2024, Deepak Nitrite Share price is ₹2,619.19 which is ₹549.81 below 52-week high of ₹3,169 and ₹598.19 above 52-week low of ₹2,021
52-Week High Low
- Deepak Nitrite 52-Week High is ₹3,169 occured on Thu 01 Aug 2024
- Deepak Nitrite 52-Week Low is ₹2,021 occured on Tue 04 Jun 2024
All Time High
- The all-time high or the highest price that Deepak Nitrite shares have ever touched was ₹3,169 and this occurred on Thu 01 Aug 2024.
- The highest closing price at which Deepak Nitrite shares have ever closed was ₹3,102.6 recorded on Wed 07 Aug 2024.
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Short Info About Deepak Nitrite
Deepak Nitrite: A Leader in Responsible Chemistry for Over 50 Years
Many daily-use products are available in the market, like soap, detergent, medicines, etc., which are sold by various companies, but all have one common requirement. Almost every manufactured product needs some chemical in the form of raw materials. Tapping into the opportunity, Deepak Nitrite Ltd. was incorporated.
June 1970: Deepak Nitrite Ltd. was incorporated.
April 1971: It got listed on the Indian stock market
Quality raw material is needed for a quality product, and a company that can provide quality chemicals is in demand all over the world. It makes chemicals used in agrochemicals, pharmaceuticals, dyes & pigments, petrochemicals, etc. Through its 5 multi-division units, it is fulfilling the chemicals demand of India as well as exporting its products to over 29+ countries through its vast distribution network.
It holds a 70% market share in India in important inorganic compounds, such as sodium nitrite, sodium nitrate, nitric acid, etc. Various indices have it as its constituent, such as Nifty Midcap 150, Nifty India Manufacturing, etc.
In 2020, when it was already getting benefits due to the China-plus-one strategy, the coronavirus pandemic forced the world to look for other alternatives for China, due to which the price of the chemicals increased in the global market. It made the stock of Deepak Nitrite lucrative, giving a 5 times return between 2020-21.
Let’s dive into the historical share price of Deepak Nitrite Ltd. and see the value creation done for its investors.
Deepak Nitrite Recent Performance
Over the past 23 trading days, the value of Deepak Nitrite's stock has decreased by ₹249.56 (-8.70%). On 17 Oct 2024, its one share was worth ₹2868.75 and by 21 Nov 2024, the value dropped to ₹2619.19. During this period it created a highest high of ₹2999.00 and lowest low of ₹2453.00.
Below Image represents line chart of daily close price of Deepak Nitrite, helping you visualize how the price has changed day by day.
Deepak Nitrite Share Price Chart From 1990 to 2024
Deepak Nitrite Share Price History Table From 1990 to 2024
| Year | Deepak Nitrite | YOY Chg% | ↑High - ↓Low |
|---|---|---|---|
| 1990 | ₹7.99 | - | ↑ ₹12.61 ↓ ₹6.73 |
| 1991 | ₹10.93 | 36.7% | ↑ ₹11.56 ↓ ₹6.81 |
| 1992 | ₹8.20 | -25% | ↑ ₹21.02 ↓ ₹7.99 |
| 1993 | ₹4.62 | -43.7% | ↑ ₹8.41 ↓ ₹3.57 |
| 1994 | ₹7.36 | 59.3% | ↑ ₹10.51 ↓ ₹3.05 |
| 1995 | ₹3.28 | -55.5% | ↑ ₹7.36 ↓ ₹3.19 |
| 1996 | ₹1.77 | -46.1% | ↑ ₹3.61 ↓ ₹1.35 |
| 1997 | ₹1.18 | -33.4% | ↑ ₹2.25 ↓ ₹0.92 |
| 1998 | ₹3.35 | 183.8% | ↑ ₹4.04 ↓ ₹1.17 |
| 1999 | ₹5.21 | 55.5% | ↑ ₹7.67 ↓ ₹3.32 |
| 2000 | ₹2.77 | -46.9% | ↑ ₹5.38 ↓ ₹2.44 |
| 2001 | ₹2.40 | -13.4% | ↑ ₹2.90 ↓ ₹1.70 |
| 2002 | ₹3.36 | 40% | ↑ ₹4.54 ↓ ₹2.02 |
| 2003 | ₹6.34 | 88.6% | ↑ ₹7.31 ↓ ₹3.16 |
| 2004 | ₹7.28 | 14.8% | ↑ ₹8.61 ↓ ₹4.16 |
| 2005 | ₹22.59 | 210.3% | ↑ ₹25.30 ↓ ₹6.30 |
| 2006 | ₹13.62 | -39.8% | ↑ ₹26.50 ↓ ₹13.00 |
| 2007 | ₹14.82 | 8.8% | ↑ ₹16.75 ↓ ₹8.61 |
| 2008 | ₹9.37 | -36.8% | ↑ ₹20.76 ↓ ₹8.21 |
| 2009 | ₹13.52 | 44.2% | ↑ ₹16.00 ↓ ₹7.30 |
| 2010 | ₹19.56 | 44.6% | ↑ ₹21.93 ↓ ₹12.11 |
| 2011 | ₹15.25 | -22.1% | ↑ ₹23.00 ↓ ₹13.61 |
| 2012 | ₹26.50 | 73.7% | ↑ ₹32.48 ↓ ₹13.90 |
| 2013 | ₹30.11 | 13.6% | ↑ ₹30.38 ↓ ₹21.09 |
| 2014 | ₹81.71 | 171.3% | ↑ ₹105 ↓ ₹28.99 |
| 2015 | ₹73.21 | -10.5% | ↑ ₹86.86 ↓ ₹54.47 |
| 2016 | ₹91.75 | 25.3% | ↑ ₹134 ↓ ₹56.07 |
| 2017 | ₹231.78 | 152.6% | ↑ ₹243 ↓ ₹89.95 |
| 2018 | ₹220.79 | -4.8% | ↑ ₹304 ↓ ₹204 |
| 2019 | ₹372.71 | 68.8% | ↑ ₹386 ↓ ₹205 |
| 2020 | ₹941.92 | 152.7% | ↑ ₹954 ↓ ₹309 |
| 2021 | ₹2489.50 | 164.3% | ↑ ₹3020 ↓ ₹927 |
| 2022 | ₹1985.65 | -20.3% | ↑ ₹2690 ↓ ₹1682 |
| 2023 | ₹2481.20 | 24.9% | ↑ ₹2502 ↓ ₹1730 |
| 2024 | ₹2619.19 | 5.5% | ↑ ₹2675 ↓ ₹2607 |
Analyzing the Impact of Investing in Deepak Nitrite
Deepak Nitrite Shares price in the year 1990 was ₹7.99. If you had invested ₹10,000 in Deepak Nitrite Shares in 1990, in 34 years, your investment would have grown to ₹32.78 Lakh by the end of 2024. This represents a positive return of 32680.8% from 1990 to 2024, with a compound annual growth rate (CAGR) of 18.5%.
Also Read: HDFC Life Year Wise Share Price History From IPO to 2024
Deepak Nitrite Share Returns In Last 5 Years
- Its highest share price in the last 5 years was: ₹3,020 and lowest was: ₹205.94
- Deepak Nitrite Shares price in 2019 was ₹372.71
- By 2024, its share price rose to ₹2,619.19
- It gave a positive return of over 602% with a CAGR of 47.6% over the last 5 years
- If you had invested ₹10,000 in Deepak Nitrite in 2019 then in 5 years, your investment would have grown to ₹70,274 by 2024, which is 7.02 times of your initial investment.
Deepak Nitrite Share Returns In Last 10 Years
- Its highest share price in the last 10 years was: ₹3,020 and lowest was: ₹28.99
- Deepak Nitrite Shares price in 2014 was ₹81.7
- By 2024, its share price rose to ₹2,619.19
- It gave a positive return of over 3105% with a CAGR of 41.4% over the last 10 years
- If you had invested ₹10,000 in Deepak Nitrite in 2014 then in 10 years, your investment would have grown to ₹3.2 Lakh by 2024, which is 32.05 times of your initial investment.
Deepak Nitrite Share Returns In Last 15 Years
- Its highest share price in the last 15 years was: ₹3,020 and lowest was: ₹7.3
- Deepak Nitrite Shares price in 2009 was ₹13.52
- By 2024, its share price rose to ₹2,619.19
- It gave a positive return of over 19272% with a CAGR of 42% over the last 15 years
- If you had invested ₹10,000 in Deepak Nitrite in 2009 then in 15 years, your investment would have grown to ₹19.37 Lakh by 2024, which is 193.72 times of your initial investment.
Deepak Nitrite Share Returns In Last 20 Years
- Its highest share price in the last 20 years was: ₹3,020 and lowest was: ₹4.16
- Deepak Nitrite Shares price in 2004 was ₹7.28
- By 2024, its share price rose to ₹2,619.19
- It gave a positive return of over 35877% with a CAGR of 34.2% over the last 20 years
- If you had invested ₹10,000 in Deepak Nitrite in 2004 then in 20 years, your investment would have grown to ₹35.97 Lakh by 2024, which is 359.77 times of your initial investment.
Deepak Nitrite Share VS FD (Normal) VS FD (Compounding)
You might wonder which option is better: shares, fixed deposits (FDs) or compounding FDs. Let’s compare them and see how they differ.
- Shares: Units of ownership in a company can benefit from its profits or losses.
- FDs: Deposits you make with a bank or a financial institution for a fixed time and at a fixed interest rate.
- Compounding FDs: Similar to FDs but with one difference: the interest is reinvested into the principal amount instead of being paid out.
If you invested ₹10,000 rupees each in these 3 options in :
| Year | Deepak Nitrite Investment | FD Normal Investment | FD Compond Investment |
|---|---|---|---|
| 1990 | ₹10,000 | ₹10,000 | ₹10,000 |
Then today, your investment would have become this much in each option: | |||
| 2024 | ₹32,22,251.43 | ₹30,400 | ₹72,510.25 |
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For more insights into Deepak Nitrite, explore these additional resources:-
- Deepak Nitrite Price Target Tomorrow
- Deepak Nitrite Price Long Term Target
- Deepak Nitrite Dividend History
- Deepak Nitrite Bonus History
- Deepak Nitrite Split History
Reference:
- Wikipedia Deepak Nitrite – Wiki
- Economic Times Deepak Nitrite Ltd. company history
- Deepak Nitrite Ltd. Deepak Nitrite – FAQs
