Deepak Nitrite stock surges 7% to hit fresh high on double upgrade from Morgan Stanley

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Recognising industry-leading metrics and top-quartile returns, Morgan Stanley anticipates Deepak Nitrite to outperform further as new investments yield results and earnings improve.

May 06, 2024 / 12:50 PM IST

Morgan Stanley expects Deepak Nitrite to double its base earnings by 2028, backed by the company's push to become an integrated, downstream phenolics producer.

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