Going forward, growth over the medium term will be driven by trecovery in demand from Basic Chemical (BC) and Performance Product (PP) segments and continued steady outlook for FSC and Phenol segments
Shares of Reliance Industries and Future Group companies could react after the Delhi High Court upheld the Emergency Award that Amazon had won against Future Retail-RIL deal
Deepak Nitrite got a shot in the arm on Thursday when the government announced to extend anti-dumping duty on phenol exported from the European Union and Singapore till June 7, 2021
The consolidated Ebitda margin expanded 330 basis points (bps) to 27.4 per cent in Q3FY21
Shares of Deepak Nitrite on Monday closed 4.61 per cent lower at Rs 814.5 on the NSE
The latest rally in the stock came after the DGTR recommended imposing provisional anti-dumping duty on phenol imports from Thailand and the United States
BHEL's stock has provided a breakout from a falling wedge pattern on the daily chart
The overall fall in volatility is hinting at no major move in the short-term
All that happened in the markets today
The company's revenue from operations (sales), on a consolidated basis, rose 4.69 per cent to Rs 1,055.54 crore for the quarter under review
Today, a total of 21 companies, including Dabur India, Sun Pharma, and United Spirits are scheduled to announce their results.
Corporate results will continue to pour in throughout the week. Investors will first react to HDFC's and other results that were announced over the weekend
Last week, Deepak Phenolics, a wholly-owned subsidiary of the company, commenced commercial production of Isopropyl Alcohol at its manufacturing facility situated at Dahej, Gujarat.
The stock was up 7 per cent to Rs 465 on Wednesday, thus surging 22 per cent in the past two trading days.
For Q3FY20, the company's phenol-acetone manufacturing subsidiary Deepak Phenolics clocked record quarterly turnover on the back of high utilization levels.
Sectorally, metal and pharma stocks gained the most. Nifty Metal index climbed 5.6 per cent to 2,321 levels while Nifty Pharma index ended at 7,921, up over 5 per cent
Trading calls by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers
The Rs 1,400 crore petrochemical plant at Dahej could result in $400 million imports savings for the country
The stock rallied 13% to Rs 130 in intra-day trade, extending its Wednesday's 7% gain on the BSE.