“If the current upside continues, then we are also likely to see some improved performance from the midcaps and the broader markets. It is strongly suggested that shorts may be avoided even if some consolidation happens, that downside must be utilized to make fresh purchases so long as Nifty keeps its head above 17600 levels. A positive outlook is advised for the coming week,” says a market experts.
EIL Q3 profit soars over 3x YoY to Rs 302 crore
State-owned Engineers India Ltd (EIL) reported an over 3-fold on-year jump in net profit to Rs 302 crore for the third quarter ended December 31,