Specifically in the case of Deepak Nitrite, the q1 fy 21 results have been below par because of closure of facilities for around a month and drop in prices of Dasda which was the main growth driver for super profits in previous few quarters.
The phenol spreads which had remained subdued during previous few quarters have picked up somehwat but by and large they remain fluctuating.
Deepak has a steady basic chemicals division which is a steady business. But the main growth driver going ahead will be the fine and speciality chemicals division where there is predictable growth with higher margins. You can listen to concall to get a better idea about it.
Stock price action wise, previous all time high of 567 was crossed and stock hit a fresh all time high of 670 plus before correcting due to lacklustre q1 fy 21 results. But once a significant top is crossed, it tends to become a good support zone to watch out for on subsequent declines. As of now that region seems to be holding. We need to see how it holds.
Fundamentally we need to see how the fine and specility chem segmeng plays out besides any improvement in phenol spreads as well as uptick in dasda prices.
I dont track kilpest.
@Mukundks I havent tracked the triggers in lupin too closely but Mayur seems well placed to ride any possible rebound on the auto sector. One can listen to the candid talk of Mr Poddar on concalls. One has to consider the levels to where stocks like mayur have corrected during the previous correction. Post significant falls, any positive news for beaten down stocks is often cheered very well by markets.
Regarding responses to results it often takes a few days for the market to react properly to results. So one has to be patient to see how the market reaction plays out.
@Aluwalia Defence stocks have as you said shown a lot of momentum post govt policy annoucements. But I am not too big a fan of playing themes based on govt announcements. I would prefer to wait for actual results to materialise and only then take a call. Chart pattern wise these stocks have done very well but I prefer to look elsewhere.
@vivekinfinite, Not tracking nb ventures.