Mumbai, September 20, 2024: PL Capital – Prabhudas Lilladher, one of the most trusted financial services organisations in India in its latest beat report on DEEPAK FERTILISERS AND PETROCHEMICALS LTD cited that Deepak Fertilisers holds a dominant position in the Indian Nitric Acid business with a 45% market share and is increasing capacity by 450 KTPA with a capex of ₹1,950 crore. PL Capital believes that capex in ammonia, TAN and Nitric Acid will aid growth in FY25-26 across all verticals along with better monsoon supporting crop business, and value's it at 18X FY26 EPS arriving at a target of ₹1,355.