Fine Organic Industries

Stocks to buy: Aakash Shah, technical analyst at Choice Broking reckons that Fine Organic has given a breakout on the weekly chart, and can potentially rally to ₹5,700 levels from here.

Fine Organic Industries' R&D strengths have helped it forge ahead in the chemicals business

According to the technical analyst from Anand Rathi, Axis Bank can rally up to Rs 670 in the next 2 - 3 trading sessions.

Fine Organic Industries hit a record high of Rs 4,318.05, surging 9.5 per cent on the BSE in Friday's intra-day trade.

ICRA upgraded the long term rating of the company to AA- from A+ and reaffirmed the short term rating at A1+.

In the past one month, the stock has outperformed the market by surging 26 per cent, after the company started operations at its new manufacturing facility

The IPO, to raise a little over Rs 6 bn, received bids for 54,81,975 shares against the total issue size of 53,65,497 shares, data available with the NSE till 1245 hrs showed