The brokerage house said that the company has a market leadership in Phthalic Anhydride industry in India, with a 49% market share.
In an interview to CNBC-TV18's Surabhi Upadhyay and Anuj Singhal, SP Tulsian of sptulsian.com shared his views and outlook on the fundamentals of the market and specific stocks.
The fall was largely aided by Reliance Industries which was down 0.68 percent. IndusInd Bank was the top Nifty loser down over 2 percent while Godrej Agrovet was the most active stock.
If the performance of Q1 18 continues, FY18 could be another good year with the company reporting even higher profits.
In an interview to CNBC-TV18, Prakash Diwan, Market Expert at Altamount Capital Management shared his readings and outlook on specific stocks and sectors.
In an exclusive CNBC-TV18 panel discussion, market experts SP Tulsian, Dipan Mehta, Daljeet Singh Kohli and Prakash Diwan listed out their top stock bets ahead of the Budget.
The Indian stock market definitely looks under-owned and SP Tulsian of sptulsian.com tells CNBC-TV18 he will not be surprised to see buying coming back.
SP Tulsian, sptulsian.com in an interview to CNBC-TV18 while sharing his views why 8K Miles does not warrant a buy at current levels and why he is bullish on the pharma space.
Rajat Bose of rajatkbose.com feels that IG Petrochemicals may test Rs 130.