₹1,403, indicating a potential downside of 32%. It believes that input, utility and logistic costs will continue to put pressure on the company’s margin and further growth in subsidiary Deepak Phenolics is capped as the phenol plant is already running at over full capacity. EBITDA/APAT was 37/32 percent below estimates in the June quarter, owing to a 6 percent fall in revenue, higher-than-expected raw material costs, and higher-than-expected other expenses, offset by lower-than-expected depreciation and higher-than-expected other income, it noted.” title =”Deepak Nitrite: The brokerage has a sell call on the stock with a target price of ₹1,403, indicating a potential downside of 32%. It believes that input, utility and logistic costs will continue to put pressure on the company’s margin and further growth in subsidiary Deepak Phenolics is capped as the phenol plant is already running at over full capacity. EBITDA/APAT was 37/32 percent below estimates in the June quarter, owing to a 6 percent fall in revenue, higher-than-expected raw material costs, and higher-than-expected other expenses, offset by lower-than-expected depreciation and higher-than-expected other income, it noted.”>