Buy This Chemical Stock For 30% Return: Recommended By IIFL Securities

The broker firm IIFL Securities has a "buy" call on the stock of Deepak Nitrite Limited (DNL), with a 30% upside potential. Deepak Nitrite is one of India's most successful and fastest-growing chemical manufacturing companies. This stock is expected to gain up to 30% and might achieve a price target of Rs. 2890 per share. The brokerage company recommends a 'Buy' on the stock at a market price of Rs 2190-2270, however, the stock is now trading at Rs 2,297.25.

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