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ite share price tanks over 14% to hit 52-week low after Q3 results? Should you buy on dips or sell?

itrite share price plunged over 14% on Friday after the company reported weak Q3 results. Deepak Nitrite shares declined as much as 14.10% to a fresh 52-week low of ₹1,921.40 apiece on the BSE. The chemical company Deepak Nitrite reported a sharp fall of 51.5% in its consolidated net profit for the third quarter of FY25 to ₹98.09 crore from ₹202.05 crore in the year-ago quarter. The company’s consolidated revenue from operations in Q3FY25 declined 5.3% to ₹1,903.40 crore from ₹2,009.23 crore in the corresponding period of last fiscal year.