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“I do not have doubts about the structural element of the MOFSL study but coming to the point about cyclicality moving out of retail investment, I would like to point out with some data that in investor behaviour and investor psychology, the cyclical element still persists. Right now, the flows have been flagging off and the net flow is nowhere compared to where it was a year or two back.”

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A total of 63,252 shares changed hands on the counter till 01:55PM (IST)

"We believe the likely increase in competitive intensity may hurt industry profitability and cap valuation multiples," the brokerage said.

“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.”

The Relative Strength Index of the stock stood at 51.11 on Tuesday.

This article delves into the significance of RSI, shedding light on its role in assessing bearish trends amid overbought conditions. We examine four stocks that exemplify this intriguing interplay, providing potential investors with valuable insights.

As of 30-Jun-2023, promoters held 39.99 per cent stake in the company, while FIIs held 33.53 per cent and domestic institutional investors had 7.49 per cent.

“I am quite confident that we would continue to have EBITDAs north of 30%. We also have the Cravatex acquisition that in the first four quarters of the combination and consolidation of those numbers, it is going to have a negative impact on some of our numbers. But overall, the business is very stable and very sound.”

We have listed below the top five performers according to the data available on ACE MF