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Stock has broken out of a month long consolidation, making a base at 2,000 levels

Chambal Fertilisers & Chemicals, incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 13120.95 Crore) operating in Fertilisers sector.

The stock is well placed above 20, 50, 100 and 200 key averages indicating positive momentum.

After investing over Rs 36,200 crore last month, foreign investors continued their positive momentum and have injected a net Rs 10,555 crore in Indian equities so far in December amid stabilisation in oil prices and moderating US inflation.

Motilal Oswal retained its buy rating on Titan Company with a target price of Rs 2910. Titan remains an attractive investment case in the largecap consumption space in India, with strong earnings growth visibility and compounding ~20% for an elongated period of time.

Mazars, the auditing firm working with Binance and other crypto exchanges on proof-of-reserves statements, has paused all work for crypto clients, Binance said in an emailed statement and reported by various media outlets.

“Next year will be tough for most of these IT companies. The management has been unwilling to accept this and so have the analyst and that creates the risk for investors. Once this acceptance comes in, then the risk reduces and so opportunities will come over the next three to six months but in the meantime, we could see further decline in most of the IT stocks.”

Promoters held 34.64 per cent stake in the company as of 30-Jun-2022, while FIIs owned 24.76 per cent, DIIs 21.52 per cent.

While volatility is likely to play out in 2023 as well because developed economies like the US and Europe are on the brink of a recession and the fight against inflation is far from over, for experts, India is a buy on dips market.

A total of 2,080 shares changed hands on the counter till 11:06AM (IST)