Nifty is struggling to maintain position above the crucial long-term 200-day exponential moving average (EMA), with selling pressure from heavyweight stocks limiting any significant rebound.
UBS’ double upgrade lifts Aarti Industries shares 3% higher, 31% upside predicted
The brokerage firm noted that their ‘seel’ rating was set against the backdrop of a peaking chemical cycle and risk to guidance/consensus expectations for the