Fire death and serious injury in an industrial plant is not a good news for investors, especially when the production comes to a standstill. The management says one week of interruption, but that is without assessing the damage. Therefore we do not know the date of resumption of the operation in Satnoor plant, where SAN is produced. In the absence of production, SAN will be imported. With a weak rupee, the margins and the profits for the current quarter will be definitely impacted. The short term scenario is that the share price will be range bound with a downward pressure. It is upside that is going to be capped. So those, who are sitting on profits will book profit. This may prove to be a good opportunity for long term investors.
Disclosure: exited a small position on Monday @ 194, but plan to reenter at lower levels.