Deepak Nitrite dips 5% after fire breaks out at company's Vadodara facility

The Company said it has kept all concerned authorities informed and the plant operations are expected to resume in a day or two upon clearance of damaged warehouse.

Shares of Deepak Nitrite dipped 5 per cent to Rs 1,940 on the BSE in Friday’s firm market after the company's manufacturing facility in the Nandesari GIDC area in Vadodara caught a massive fire following five chemical blasts on Thursday. 

After the accident, the company released a statement saying it was monitoring the situation and that the loss of property was insured.

At 12:38 pm; the stock was trading 3.5 per cent lower at Rs 1,974, as compared to a 0.70 per cent rise in the S&P BSE Sensex. The trading volumes on the counter had jumped over