Deepak Fertilisers recovers 17% after falling 23% in eight days

The stock moved higher by 17% to Rs 192 after the company said that the Income-tax team has left the company's offices and normal day-to-day business has resumed fully.

Shares of Deepak Fertilisers & Chemicals have moved higher by 17% to Rs 192 per share on the BSE intra-day trade, erasing more-than-half of their fall in the past eight days, after the company said that the Income-tax team has left the company's offices and normal day-to-day business has resumed fully.

The stock of fertiliser firm hit a low of Rs 163, its lowest level since August 19, 2016, on Wednesday in intra-day trade.  After the September quarter (Q2FY19) results and IT raids news, the stock had fallen 23% since November 12, as compared to 0.12% rise in the S&P