@manhar thanks for summarizing Concal commentary with your analysis. Gas prices have also fallen down drastically during last months but may be they have contracted at a higher price. Historically , Q4 has been the strongest quarter for Tan sales and hence Q1 and Q4 are expected to be subdued. Ammonia plant is expected to drag down the margins during FY 2023-24. Further TAN prices have also fallen by 50% from its peak along with other commodity prices which will is likely to have a negative impact on the top line. Stock is likely to fall from this level and consolidate in the range of 300 to 400 during FY 23-24.
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