Page 11 - Deepak Nitrite News Today

Specialty chemicals stocks have been gaining for the last few weeks due to rising prices in the global markets.This run-up is a temporary seasonal effect and

Vinati Organics stock has given a return of 6.43 percent over the last six months. The benchmark Nifty50 index has surged by 17.76 percent over the same duration.

Brokerage say it is wrong to interpret the rise in chemical stock prices as an indication of recovering demand. They say the spike in chemicals prices has stretched valuations even more for most stocks within the sector.

They believe that the factors that are driving the recent rally in the stocks may be short term

Deepak Nitrite, incorporated in the year 1970, is a Mid Cap company (having a market cap of Rs 31189.00 Crore) operating in Chemicals sector.

A short build-up was seen in 45 stocks, including Delta Corp, SBI Life Insurance Company, M&M Financial Services, SBI Card, and Tata Communications

“The market is not going anywhere soon” seems to be the general attitude. Defence stocks, however, seem to be an exception to the trend

“The demad for chemicals will start improving in China soon. When this happens, the intensity of predatory pricing or dumping recedes and we expect it to happen in the coming months. This will benefit more and more Indian players such as Alkyl Amines, Deepak Fertilisers, Deepak Nitrite and other players as well.”

In a free-wheeling conversation with Moneycontrol, Arvind Kothari, the founder of Surat-based Niveshaay Investment Advisors, spoke about his learnings, strategies, and the highs and lows of his investing journey

After a positive start, the market traded in the tight range amid volatility and ended with a marginal gain