The agrochemical stock with a market capitalization of nearly Rs 58,000 crore hit a low of Rs 240 on 23 March 2020 on the weekly charts. Since then, the stock has been in an uptrend. After a steady rise, the stock was seen consolidating in a narrow range where Rs 600 acted as strong support while levels closer to Rs 800-850 acted as a stiff resistance since February 2022.
Budget over, bulls back faster, higher, stronger
The NSE Nifty rose 428.75 points, or 1.76%, to close at a record of 24,834.85. The index hit a lifetime high of 24,861.15 during the