Manali Petro plunges over 14%, hit 52-week low as Q2 PAT contracted 90%
Ravi, MD of Manali Petrochemical, said that the downtrend in the economy impelled by global events continues to affect the performance, which has been experienced since the last quarter of the previous year. Though sales volume could be maintained, product prices had been falling on the one hand and the input costs going up on the other, wearing down the margins.
