• Business of the company has not been materially impacted
• Have managed to maintain operations close to normal.
• Transport cost of raw materials and finished goods has gone up tremendously due to logistical problems, both domestic and internationally.
• Impact on profitability and other financial resources is touted to be very insignificant
• Ability to service debt and other financial arrangements remains normal
• The company stated all of this information in an exchange filing.

Shares recovered from the day's low and now trade 0.8% lower at Rs 453, down for the second day in a row.

• Top performer on the Nifty Midcap index
• Gains as much as 7.7% to Rs 546.55
• Biggest single-day gain in a month
• Trades at the highest level in two months
• Up for the fourth straight day
• Longest winning streak in two months
• Gains 11.2% in the last four trading sessions
• Today's volumes are triple its 30-day average
• Breaks above its 50-Day Moving Average at Rs 512.37
• Has gained 34% from its 52-week low of Rs 402 on March 24, 2020
• 21 out of the 23 analysts tracking the stock have a buy recommendation; 1 sell call
• Return potential of the stock as per Bloomberg data is 44.3%

• Benchmark indices hold on to gains; face pressure at higher levels
• Nifty up 0.77% at 9,098
• Nifty futures trade at a discount of 10 points
• Sensex up 0.78% at 30,834
• Nifty Bank up 2.24% at 17,833
• Nifty Midcap and Smallcap indices pare losses and trade little changed
• India Volatility Index down 2.3% to 30.73
• Nifty Realty index is the other sectoral gainer; up 1.8%
• Nifty Auto, FMCG, Media and Pharma indices trade with modest losses
• Axis Bank remains the top Nifty gainer; up 4.9%
• Ultratech is the top Nifty laggard; down 1.9%
• 884 stocks on the NSE trade with gains while 781 decline

The chemical manufacturer and distributor reported its fourth quarter revenue that was flat as compared to the previous year.

The company in its investor presentation has estimated the revenue loss due to the nationwide lockdown to be Rs 30 crore.

Ebitda grew 25% while margins expanded to 11.6% from 9.3% during the same period last year.

Some key highlights from its investor presentation were:

• Managed to reduce net debt to Rs 299.2 crore as of March 31, 2020 as compared to Rs 400 crore on September 30, 2019
• Most of the company's debt is for working capital and term loan is negligible.
• Expect maintenance capex to be less than Rs 20 crore in FY21
• Manufacturing facilities in China and Italy remain fully operational.

Shares recovered from the day's low to gain as much as 6.1% to Rs 54.90. The stock is up for the second straight day.