Rossari Biotech saw its stock price fall by 4.28%, trading at ₹838.35 as of 9:35 AM today. The drop follows the company’s release of its Q2 FY24-25 earnings, which failed to meet market expectations.
Stock Price Details:
- Open: ₹870.00
- High: ₹870.00
- Low: ₹837.75
- Previous Close: ₹875.80
Reason for the Decline:
The decline in Rossari Biotech’s stock comes after the company’s Q2 results showed signs of a slowdown in growth. Despite maintaining a steady topline, margins and profitability have been under pressure due to higher input costs and increased competition in the specialty chemicals market.
Market Reaction:
Following the Q2 results, the stock opened at ₹870.00, but soon saw a sharp decline, hitting a low of ₹837.75. As of 9:35 AM, the stock was down ₹37.45 (-4.28%), reflecting investor concerns over the company’s near-term outlook.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Please consult a financial advisor before making any investment decisions.
