Deepak Fertilizers hits two-year low; down 20% in 1-week on weak Q2 results

The stock is down 5% at Rs 167 today, trading at its lowest level since August 19, 2016, on BSE.

Shares of Deepak Fertilisers & Chemicals hit two year low of Rs 167, down 5% on the National Stock Exchange (NSE), falling  20% in past one week, after it reported a 56% drop in net profit at Rs 190 million in September 2018 quarter (Q2FY19).

The stock was trading at its lowest level since August 19, 2016. It tanked 62% from its 52-week high of Rs 437 hit on January 5, 2018, on the BSE in intra-day trade.

It had reported a profit of Rs 430 million in a year ago quarter. The company said profitability was adversely