NIFTY: The NIFTY opened at 18339.30 with a gap up of 25 points. The index the NIFTY opened at 20110.15 with a gap up of 114 points. The index could not sustain at the higher levels and started drifting downwards from its opening tick. Prices have recorded its…
NIFTY: The NIFTY opened at 19598.65 with a gap down of just 13 points. Initially, the index moved down but soon found support and started an upward journey after recording its intraday low at 19550.05.Prices have rallied, saw a minor dip just before the afternoon, and soon resumed…
Neogen Chemicals Limited is a specialty chemicals company headquartered in Mumbai, India. It specializes in the manufacturing of bromine-based compounds, lithium salts, and Grignard reagents. These products are used in a variety of industries, including pharmaceuticals, agrochemicals, paints, and polymers. The company has three manufacturing facilities in India,…
Deepak Nitrite Limited is one of the leading chemical manufacturing company which manufactures a wide range of chemicals, including agrochemicals, colorants, rubber, pharmaceuticals, speciality and fine chemicals. The company has manufacturing facilities in India, the United States, and China. Company’s products are used in a variety of industries,…
Dhampur Sugar Mills Ltd. is one of the leading integrated sugarcane processing companies in India. The company was established in 1933 and is headquartered in Dhampur, Uttar Pradesh. Dhampur Sugar Mills is primarily engaged in the production of sugar, ethanol, and renewable power. The company operates multiple sugar…
Hindalco Industries Limited (“Hindalco”) is the metals flagship company of the Aditya Birla Group. A $26 billion metals powerhouse, Hindalco is the world’s largest aluminium company by revenues and a major player in copper. It is also one of Asia’s largest producers of primary aluminium. Its wholly-owned subsidiary…
Godrej Consumer Products Limited is one of the leading Fast Moving Consumer Goods (FMCG) companies in India. The company has five product segments namely Household Insecticides, Soaps, Hair colours, liwuid detergents and air freshners. The company has manufacturing facilities at Malanpur in Madhya Pradesh, Baddi in Himachal Pradesh,…
Shree Cement Limited (“SCL”), started its journey of sustainability reporting back in FY 2004-05 as the first organization in the Indian cement industry. Shree Cement has a consolidated Cement Production Capacity of 47.4 Million tonnes per annum (including overseas) and a Power Generation Capacity of 752 Megawatts. The…
Monthly Stock Picks – February 2023 Company Recommendation Buy (Rs) Target (Rs) Upside (%) Time Horizon Asian Paints Buy 2815 3150 12% 1 Month Apollo Hospital Buy 4385 4690 7% 1 Month ICICI Bank Buy 860 980 14% 1 Month Indian Hotels Buy 320 370 16% 1 Month…
Muthoot Finance is one of the largest Gold Loan NBFCs in India. It provides personal loans and business loans secured by gold jewelry, primarily to individuals like small businessmen, vendors, traders, farmers, and salaried individuals, who possess gold jewelry but are not able to access formal credit within…