Why has Deepak Nitrite fallen sharply and Mirza International risen sharply in last few days?
Answer
Answer
Deepak Nitrite fell another 5% and touched a 52-week low after news of plant closure following the fire incident at Nandesari, Gujarat plant. Deepak Nitrite is down 43% from its October 2021 peak. On the other hand, Mirza International touched a record high of Rs259.45 and has rallied 51% in 4 weeks after a 3-fold jump in PAT.