Page 2 - Deepak Nitrite News Today

The brokerage said Deepak Nitrite is in the midst of its largest investment cycle, transitioning into Indias largest, integrated phenolics producer.

“My experience shows largest losses have been sustained by investors from buying  inferior quality securities in favorable market conditions.” - Benjamin Graham

Recognising industry-leading metrics and top-quartile returns, Morgan Stanley anticipates Deepak Nitrite to outperform further as new investments yield results and earnings improve.

Based on the OI percentage, 60 stocks saw long unwinding, which included REC, Crompton Greaves Consumer Electricals, BHEL, Dabur India, and Coal India.

A short build-up was seen in 52 stocks, including HCL Technologies, Birlasoft, Dr Reddys Laboratories, Coforge, and Navin Fluorine International.

For Monday, an analyst from a domestic brokerage has assigned Buy calls for HUDCO, Deepak Nitrite and City Union Bank shares. Check details.

Despite facing selling pressure from higher levels, the BankNifty index managed to defend the crucial support at 48000.

The current market sentiment reflects strong bullish momentum, with aggressive buying seen on dips, indicating dominant buyer activity.

Deepak Nitrite shows stability above 2,000 levels, recommended for short-term buying with a target above 2700 levels. Neel .H. Parekh from GEPL Capital provides insights on swing highs, Fibonacci ratio, and potential gains.

Top losers on the Nifty were Bajaj Finance, Bajaj Finserv, Nestle India, IndusInd Bank, M&M, while gainers were Tech Mahindra, Divis Labs, LTIMindtree, Bajaj Auto, BPCL.