Shares of Paradeep Phosphates declined sharply in early morning trade on Monday, slipping more than 4% as investors turned cautious ahead of the company’s Q3 results announcement.
The stock touched an intraday low of 129.30 compared with the previous close of 135.52, translating into a decline of around 4.6% in early deals. Paradeep Phosphates opened the session at 134.71, which also remained the day’s high. Trading volumes were relatively active, with about 14,07,302 shares changing hands by 9:41 AM IST.
Despite the day’s weakness, the stock remains well above its 52-week low of 83.25, though it is significantly off its 52-week high of 234.39, reflecting broader volatility seen in the sector over the past year.
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