The company's PAT stood at Rs 115.80 crore during the corresponding quarter of 2020-21, Deepak Fertilisers and Petrochemicals Corporation said in a BSE filing
Fertilizer shares have been the outperformers so far in 2022, gaining up to 100%; While the bullish sentiment seems overrated, charts indicate continuation of the uptrend.
Going ahead, technical charts indicate up to 15 per cent gains for the buzzing stocks of Tuesday.
Sharda Cropchem rallied 8.3 per cent, while Deepak Fertilisers was locked in the 5 per cent upper circuit as the two hit their respective all-time highs on the BSE in Friday's intra-day trade.
The company's consolidated net profit doubled to Rs 181 crore in Q3FY22 from Rs 89 crore
Deepak Fertilisers has broken out of the consolidation range of Rs 390 to Rs 340 levels, and can rally up to Rs 450-odd levels.
Further consolidation seems likely, while telecom stocks may be in focus owing to the new DoT order on limiting SIMs per user