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Deepak Nitrite - Optimistic About Future Opportunities: Motilal Oswal

The brokerage believes the current valuation at ~39 times FY26E EPS seems expensive for a commodity chemical company, hence maintains its Neutral rating with a target price of Rs 3,060.

<div class="paragraphs"><p>Deepak Nitrite Ltd.'s manufacturing unit in Gujarat. (Source: Company website)</p></div>
Deepak Nitrite Ltd.'s manufacturing unit in Gujarat. (Source: Company website)
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