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Deepak Nitrite dips 5% amid buzz of plant closure notice post fire incident

In the past one week, the stock price of Deepak Nitrite has declined 16 per cent after the company's manufacturing facility in the Nandesari GIDC area in Vadodara caught a massive fire.

Deepak Nitrite slips 5% on reports of Gujarat govt issues closure notice
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SI Reporter Mumbai
Shares of Deepak Nitrite were down 5 per cent at Rs 1,715.80 on the BSE in Thursday’s intra-day trade, falling as much as 9 per cent in the last two days amid buzz of plant closure notice.

According to some media reports, the Gujarat government seemed to haved issued closure notice to the chemical intermediate maker over the recent Nandesari explosions.

The stock of specialty chemicals traded close to its 52-week low of Rs 1,712.50 touched on June 21, 2021. The stock has corrected 43 per cent from its 52-week high of Rs 3,020 touched on October 19,

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