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A total of 8,096 shares changed hands on the counter till 12:48PM (IST).

Galaxy Surfactants Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 9424.23 Crore) operating in Chemicals sector.

Sanjiv Bhasin of IIFL Securities, believes that the wealth effect is evident in capital goods and real estate, with companies like DLF and Godrej reaching new highs. He also highlights the strong performance of the real estate sector, particularly in companies like Purvankara and Brigade. Bhasin recommends cement stocks such as UltraTech, ACC, Ambuja, and Dalmia Bharat, as he believes they are bound to outperform due to price increases being passed on.

Barring Infosys, IT stocks like TCS, HCL Tech and Tech Mahindra, which together form 11% of Nifty, seems to have found a base around their respective rising trendline supports hinting a bounce back. Towards this end, we do not expect IT stocks to be slowing down Nifty, but banks might.

The Relative Strength Index of the stock stood at 44.9 on Monday.

The stock traded at a P/E multiple of 78.8, while the price-to-book value ratio stood at 11.24.

Neogen Chemicals Ltd. key Products/Revenue Segments include Organic/Inorganic Heavy Chemicals and Other Operating Revenue for the year ending 31-Mar-2022.

A total of 3,162 shares changed hands on the counter till 11:37AM (IST)

“We could see Jio Financial stock for a long time not doing anything. And then, if they are able to establish a business which is seen as sustainable and profitable, then at that time, the stock will perform. But I do not think it is going to happen in the near future.”

Short-term traders can look to buy the stock now for a target of Rs 122 in the next 3-4 weeks, suggest experts.