Himadri Speciality extends fall on weak Q2 results, hits 2-year low

Thus far in the calendar year 2019, the stock has tanked 55% as compared to 13% rise in the S&P BSE Sensex.

Shares of Himadri Speciality Chemicals (HSCL) continued to remain under pressure, dipping 3 per cent on Thursday to hit an over two-year low level of Rs 59.40 on the BSE. The specialty chemicals company's stock was trading lower for the fourth straight day after reporting a weak set of numbers for September quarter (Q2FY20).

The company’s standalone Ebitda (earnings before interest, tax, depreciation and amortisation) declined 34 per cent year on year (YoY) to Rs 94 crore on account of drop in sales realizations due to slowdown. Ebitda margin contracted 430bps at 19.3 per cent from 23.6 per cent