India's Clean Science plunges after Q1 profit decline

Clean Science and Technology

18/07/2025 09:20

** Shares of Clean Science and Technology CLEA.NS fall 8% to 1329 rupees, marking steepest intraday percentage loss ever

** CLEA is top loser in Nifty 500 index .NIFTY500 , which is down 0.6%

** Specialty chemicals manufacturer posts 5.4% Q/Q loss in Q1 profit, rev from ops drop 7.9% Q/Q,

** PL Capital maintains 'hold' rating; keeps PT at 1,425 rupees

** Says dip in topline was due to lower sales of newer products

** Add, new capacity additions as key growth drivers, but flag margin pressure from lower-profit products like Hindered Amine Light Stabilisers

** Avg rating of 12 analysts equivalent of "buy", median PT is 1,530 rupees - data compiled by LSEG

** Stock down 6.6% YTD vs Nifty 500 up 4% YTD

(Reporting by Rudra Pratap Singh in Bengaluru)

((rudrapratap.singh@thomsonreuters.com))