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During an investor call with the brokerage, the management said it sees benefits from the ongoing fleet expansion drive in defence and that EBITDA margin during the quarter was lower due to all the recent orders coming via competitive bidding

Deepak Nitrite, incorporated in the year 1970, is a Mid Cap company (having a market cap of Rs 24604.62 Crore) operating in Chemicals sector.

Formed long leg Doji candle which indicates astrong possibility of a fresh uptrend.

The Nifty IT index was trading 0.07 per cent up at 30619.05.

“In hospitality, especially hotels, there are four-five stocks only and among the larger ones there are two -- Lemon Tree Hotels and Indian Hotels. Both the companies are doing well. Any weakness in both these stocks are good buying opportunities. The story should last for another two-three years at least.”

When the report was released on January 25, the 60-year-old self-made tycoon from Ahmedabad was the third richest billionaire in the world and is now down to the 29th spot as a result of the rout in stocks of Adani Group companies.

The brokerage retains its BUY rating on the counter with an unchanged target price of Rs483/share which incorporates recent project additions and includes a premium to NAV of 50% considering the company’s strong business development pipeline.

Global investment bank Citi maintained a buy rating on Cipla and Morgan Stanley maintained an overweight rating on Axis Bank. Motilal Oswal, meanwhile, maintained a buy rating on NMDC.

The stock price of Voltas, which makes household appliances, has rallied from Rs 776 recorded on January 23 to Rs 914 as on 22 February 2023 which translates into an upside of about 18%.

Garden Reach Shipbuilders & Engineers, incorporated in the year 1934, is a Small Cap company (having a market cap of Rs 4947.50 Crore) operating in Shipping sector.