I think company will have tough time (at least H1FY25). This has been also revealed by company management during con call. Bottom line is going to be affected by lower margin, higher cost, higher depreciation, etc.
International market is also not looking good.
https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/chemicals/112923-phenolacetone-markets-anticipate-additional-capacity-weak-demand
short build-up
Target price reduced
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