Deepak Nitrite shares rose approximately 6% following the company's announcement of its Q3FY26 results date. According to reports from Samco, the stock witnessed a sharp rebound, rising as much as 5.7% intraday to hit a high of ₹1,672.80. The company informed exchanges that its Board of Directors will meet on February 12, 2025, to review and approve the unaudited financial results for the third quarter of FY26. The disclosure was made to BSE Limited through an official filing dated January 30, 2026.
Despite the recent uptick, shares remain well below peak levels and are still about 30% lower than their 52-week high of ₹2,398.80, which was recorded in February 2025. On the downside, the counter touched its 52-week low of ₹1,512.80 in December 2025, underscoring the pressure it has faced over the past few months. The sustained correction reflects challenges across the chemical sector, including pricing pressure, demand softness and elevated input costs. As per Samco, the stock has declined nearly 27% over the past one year, slipped around 12.5% in six months, and is lower by about 5% over three months.
According to the exchange filing, the Board of Directors will meet to consider and approve the Standalone and Consolidated Un-audited Financial Results of the Company for the quarter and nine months period ended 31st December, 2025. The company had previously reported a sharp 39% year-on-year decline in consolidated net profit to ₹118.7 crore for the September quarter (Q2FY26), compared with ₹194.2 crore in the corresponding period last year. Revenue for the quarter fell 6.4% to ₹1,901.9 crore from ₹2,032 crore a year earlier, reflecting continued demand weakness across key chemical segments. The Advanced Intermediates business saw a drop in both revenue and profit before tax, while the Phenolics segment also reported a decline in profitability.
Looking ahead to the December quarter (Q3FY26), Systematix expects Deepak Nitrite to see some improvement in operating performance. According to the brokerage, margins are likely to expand sequentially, driven by winter-led efficiency gains in the phenolics business. However, Systematix continues to maintain a 'Hold' rating on the stock, with a target price of ₹1,779. The brokerage also covered Aarti Industries in the same note, projecting 11% year-on-year growth aided by the resumption of exports to the US, and assigned it a target price of ₹429. As per Samco, the market is resetting its focus—waiting for fresh numbers while reacting quickly to every concrete update, with the next chapter finally having a clear date.
