Paradeep Phosphates Shares Lowest In Over Two Months After Plant Closures

Shares of the company fell as much as 4.29% to Rs 67.00 apiece, the lowest level since Jan. 1. It pared losses to trade 1.21% lower at Rs 69.15 apiece as of 10:04 a.m. This compares to a 0.67% decline in the NSE Nifty 50 Index.

The stock has risen 37.20% in the past 12 months. The relative strength index was at 35.31.

All the three analysts tracking the company maintain a 'buy' rating, according to Bloomberg data. The average 12-month consensus price target implies an upside of 47.2%, indicating an oversold position.