Promoters and company insiders wanting to buy or sell shares before a qualified institutional placement, or QIP, may have to be a tad more watchful given a recent guidance by the Securities and Exchange Board of India (Sebi) in this regard.Deepak Nitrite, which manufactures chemical intermediates, had sought guidance from Sebi on whether the promoter and promoter entities could buy shares of the c...

Stock market today: Deepak Nitrite share price today ascended near 4 per cent in early morning deals as the company issued clarification on the media reports about Gujarat Government's closure notice over Nandesari explosions. Deepak Nitrite share price today opened with an upside gap and went on to hit intraday high of Rs1854 per share levels on NSE. Replying to the clarification sought by the I...

Multibagger stock: Deepak Nitrite share price rally took a pause today after rising for five successive previous sessions. One of the biggest multibagger stocks in chemical space today opened with downside gap and went on to hit intraday low of Rs1931.30 per share levels, losing over 5 per cent from its Thursday close of Rs2045.80 apiece on NSE.According to market experts, this pause in Deepak N...

Here is the list of the top 10 stocks that are likely to be in focus on Tuesday:Axis Bank: Private lender Axis Bank on Monday reported a 224% year-on-year (YoY) rise in standalone net profit at Rs3,614 crore for the December quarter (Q3FY22) compared with a profit of Rs1,116.6 crore in the corresponding quarter last year. On a quarter-on-quarter (QoQ) basis, Axis Bank's profit registered a 15% gro...

Deepak Nitrite is seeing strong investor confidence with its stock prices more than doubling year to date. The company, which is an established manufacturer of phenol, acetone, and isopropyl alcohol through its subsidiary Deepak Phenolics, has continued to benefit from rising prices of phenol derivatives. Global supply disruption for these chemicals during the year benefitted the company. Having ...