Dr. Praveen Dwarakanath, Vice President of Hedged.in, observed that Nifty is consolidating near its resistance at 24,850. Despite forming another Doji candle, the index showed strength by recovering from an intraday drop of over 100 points.
Astral shares fell nearly 6% on Monday after the company’s board approved the demerger of its chemicals business into a newly incorporated entity, Astral Chemie.
Analysts at Nomura and Jefferies, however, maintain ‘Buy’ ratings, with Nomura highlighting Anup Kumar Saha as a strong internal candidate. Despite the leadership change, analysts
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