India, April 18 -- Technical Ammonium Nitrate (TAN) is a critical industrial chemical primarily used in mining, infrastructure, and explosives manufacturing. It serves as a key raw material for producing bulk and cartridge explosives, especially in coal, metal mining, and construction activities such as road building and tunnelling. The industry's growth is closely linked to infrastructure development, mining output, and government spending on large-scale projects.
With the market capitalization of Rs. 15,464 Crores, the shares of Deepak Fertilisers & Petrochemicals Corp Ltd were trading at around Rs. 1225 per share which is 31 percent discount from its 52 weeks high of Rs. 1779 per share and is trading at a P/E of 17.8 whereas indust...