Latest Stock Market News

The company has been given a four month period for the completion of the order, which is to be executed by February 9, 2023, the company said in the exchange filing.

The stock traded at a P/E multiple of -14.55, while the price-to-book value ratio stood at 2.79.

On the technical charts, the RSI of the stock stood at 44.51.

“Some of the growth sectors one has to avoid because one does not know when the Fed is going to pivot and after this morning’s report it does not look like they are going to pivot anytime soon. What they have been saying is that they are going to keep rates higher for a long period of time which means one has to stick more defensive and value rather than cyclical and growth.”

A total of 34,200 shares changed hands on the counter till 11:21AM (IST).

Deepak Nitrite Ltd., incorporated in the year 1970, is a Mid Cap company (having a market cap of Rs 30647.52 Crore) operating in Chemicals sector.

The stock traded at a P/E multiple of 11.7, while the price-to-book value ratio stood at 1.06.

The stock largely moved in a range on the weekly charts where Rs 200-215 acted as a stiff resistance while on the downside Rs 140-150 levels acted as strong support. It made a strong base around the support range.

Data shows that the weight of healthcare stocks in MF portfolios climbed 30 bps to 6.6% in September, after declining at a 30-month low in August this year. Mutual funds were bearish on oil and gas stocks as the weight slipped to a six-year low of 6% with a MoM decrease of 50 bps.

Tata Consultancy Services Ltd. key Products/Revenue Segments include Consultancy Income and Sale of Equipment & Software Licences for the year ending 31-Mar-2022.