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​When it comes to India, I think India has never been a challenge. I think the growth is not great but it is still good relative to the rest of the world

A total of 21,884 shares changed hands on the counter till 11:48AM (IST)

The stock traded at a P/E multiple of 37.56, while the price-to-book value ratio stood at 8.49.

The Relative Strength Index of the stock stood at 64.75 on Tuesday.

Nifty PSU index s expected to pick up pace once RSI crosses 70 levels. ADX is trading above 24 levels which usually signals a strong uptrend in the making.​

The stock quoted a 52-week high price of Rs 2784.95 and low of Rs 1593.5.

Deepak Nitrite, incorporated in the year 1970, is a Mid Cap company (having a market cap of Rs 28317.92 Crore) operating in Chemicals sector.

​I guess the IT is showing the distinct signs of growth. So, there also we remain reasonably more confident. And the banking credit is also reasonably good as far as the corporate side is concerned, housing financer is concerned and the retail side is concerned.

A total of 1,675 shares changed hands on the counter till 11:07AM (IST)

Promoters held 66.11 per cent stake in the company as of 31-Mar-2023, while FIIs owned 11.35 per cent, DIIs 6.58 per cent.