Deepak Nitrite Shares Face Pressure

  Published 9 months ago

Deepak Nitrite stock drops after weak results, broker downgrades, margin pressure, and capex cut concerns.

  • Brokerages cut targets, downgraded ratings, citing weak earnings and ongoing chemical price pressure.
  • Analysts highlight margin strain from cheap imports and sustained pricing headwinds in key segments.
  • Capex plan reduced, seen as discouraging by Ambit, raising concerns over growth outlook and investments.

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