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The stock of Deepak Fertilizers and Petrochemicals Corporation Ltd has seen a lot of trading activity in the past week.

Market sources expect the company to get a substantial amount of gas from the Dahej Uran pipeline laid by GAIL.

The pipeline has been delayed for a long time and is likely to be commissioned by the end of the current quarter, giving the stock a lot of visibility.

When contacted, the company said it is in talks with GAIL to source a substantial amount of LNG from the latter but declined to give the details on the quantity of gas to be taken.

The stock dipped on the BSE and NSE by over 2 per cent in line with the weak market trend but has seen large amount of trading activity.

The two-week average traded quantity on the BSE is 1,98,005 shares while on Friday, 76,522 shares were traded and the stock closed at Rs 87.20.

The stock has gained 3.26 per cent over the month on the BSE.

Namrata Gada

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