The deal gives the company a head start in the high growth and relatively less crowded plastic piping segment
On the technical front, 9,550-9,570 spot levels are strong support zone for the Nifty and current trend is likely to continue towards 9,700-9,750 after some consolidation.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Ashok Leyland while Voltas and Whirlpool may rally 20-30 percent and Astral Poly may hit Rs 750.
Axis Bank | Apollo Hospital | Suzlon | Jet Airways | Tata Motors | HCL Technologies | Muthoot Finance and MCX are stocks, which are in the news today.
Dolat Capital has come with its March`13 quarterly earning estimates for plastic sector. According to research firm the outlook for the sector continues to look encouraging with verticals like pipes and packaging films expected to show better performance.
Dolat Capital has come out with its earnings estimates on plastic space for December quarter FY13. According to research firm, the outlook for the sector continues to look encouraging with verticals like pipes, packaging films and custom moulding segments expected to show better performance.
Dolat Capital has come with its June quarterly earning estimates for plastic sector. According to the research firm, the sector continues to look encouraging despite headwinds faced in terms of higher input cost on account of depreciating rupee.
In CNBC-TV18's popular show Bull's Eye, Pankaj Jain, Sunteck Wealthmax shares trading strategy of the day.