There has been no follow up about the outcome of IT raid on deepak nitrite. I had an interaction with a friend who had visited the plant and his feedback was quite positive about the quality of the company’s plant.
Regarding the business of the company phenol/acetone remains the space to watch out for. The company aiso is doing very well in the original businesses and profitability and revenues is increasing in those businesses as well.
Regarding promoter integrity I have not heard anything too negative about the promoters. IT raid can happen in any company and that should not put any doubts on any promoters. If something hanky panky comes out of it then only one needs to take a call.