Deepak Fertilisers gains 12% after falling 26% in seven trading sessions

The stock was up 12 per cent to Rs 119 on BSE on back of heavy volumes after the company gave a clarification on rumors in capital market with respect to the outstanding commercial papers

Shares of Deepak Fertilisers and Petrochemicals were up 12 per cent at Rs 119 apiece on  BSE on the back of heavy volumes after the company gave a clarification on rumours in capital market with respect to the outstanding commercial papers.

In the past seven trading days, the stock of commodity chemicals company has tanked 26 per cent, as compared to a marginal a 0.33 per cent fall in the S&P BSE Sensex till Thursday. It hit a five-year low of Rs 104.80 on BSE in the intra-day trade yesterday.

Deepak Fertilisers said the company has been repaying