Deepak Fertilisers & Petrochemicals Corporation fell 3.92% to Rs 202 at 12:35 IST on BSE after consolidated net profit dropped 56.68% to Rs 18.51 crore on 44.45% rise in total income to Rs 1782.44 crore in Q2 September 2018 over Q2 September 2017.
The result was announced after market hours yesterday, 13 November 2018.Meanwhile, the S&P BSE Sensex was up 68.05 points, or 0.19% to 35,215.25
On the BSE, 20,000 shares were traded in the counter so far compared with average daily volumes of 18,000 shares in the past two weeks. The stock had hit a high of Rs 206.25 and a low of Rs 198.80 so far during the day.
The board of directors of the company approved the issue of non-convertible debentures aggregating Rs 500 crore on private placement basis or raising term loan aggregating Rs 500 crore from banks / financial institutions.
Deepak Fertilisers and Petrochemicals Corporation's business spans industrial chemicals, bulk and specialty fertilisers, farming diagnostics and solutions, technical ammonium nitrate, mining services and consulting and value added real estate.
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