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You are here : IndiaNotes >> Research & Analysis >> Companies >> Chemfab Alkalies Ltd. >> Research

Top Performing Multibaggers from Top Sectors Last Week

Dynamic Equities Pvt Ltd | 28 Nov, 2016  | Follow Author | Add to my Favourites 
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Past week have seen the comeback of most Indices. Nifty 50 recovered from 7900 level to trade at 8100 level. With so many things going on around including election of Trump, Fed rate hike possibilities and demonetization, Nifty Indices had been losing their footing past month.


However, last week has been good. Many Indices bounced back from the red zone, but there are a chosen few sectors that performed really well.


Sugar Sector:


Past week have been sweet for Sugar Sector.With the starting of the sugarcane crushing season, three sugar mills of Bijnor paid the outstanding amount of Rs. 52 crores to farmers. The payment alone hints good upcoming sugar market this season. Of the three mills, Dhampur Sugar paid the highest of Rs. 26 crores. Others were Bundki and Afzalgarh mills.


One of the main reasons for the timely payment is the sudden rise in the wholesale sugar prices. As compared to the last years’ sugar price of Rs. 2700-2800 a quintal, this year the prices have gone up to Rs. 3,800 a quintal. The payment also indicates towards the gains of the sugar industry which also reflects in the last week’s performance of their stocks.


Chemical:


Chemical Index has been among the top gainers past week. The sector has been benefitting from the advancing stages of GST. The chemical sector of the country is overstrained with the comprehensive indirect taxation system. The existing tax rate is between 24 per cent and 26 per cent. If the government consents to cap the GST tax slab by around 18 to 20 per cent, it will have enormous positive impact on the sector.


IT Sector:


IT stocks had been all time preferred investment area for many investors for a long time as it had the potential to yield high returns. Yesterday, IT Index gave the breakout of three week high of 10110 with the next target of 10448. This made the space attractive for the investors.


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About Dynamic Equities Pvt Ltd

Dynamic Equities Pvt. Ltd. is a a SEBI Registered Investment Advisor and Stock Broker, a leading financial services provider, and one of the major players in the Equity markets in India. With an experience of over 15+ years in Stock Markets and Equity Research, they provide daily updated Support & Resistance of 4200 instruments across 93 exchanges and 56 countries globally. They have an in-house team of over 25 analysts. Under the guidance and mentorship of Mr. Shailesh Saraf, MD of Dynamic Equities Pvt. Ltd., these analysts are dedicately involved in guiding their clients and users of the website www.dynamiclevels.com for trading in the market. Mr. Shailesh Saraf has an experience of over 24 years in the financial market, especially in capital & derivatives market operations, trading, research and management related areas. Dynamic Levels is a website owned by Dynamic Equities Pvt. Ltd. The website can be reached at www.dynamiclevels.com.


For more information please write in to support@dynamiclevels.com


Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.




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