Among the basket, Fertilisers and Chemicals Travancore rose the most, rallying over 14 per cent to an intra-day high of ₹894.
Deepak Fertilisers & Petrochemicals Corporation Ltd on Thursday reported a two-fold rise in its consolidated net profit to Rs 490.04 crore for the quarter ended June, mainly due to higher revenue. Its net profit stood at Rs 243.86 crore in the year-ago period. The total income rose to Rs 3,262.21 crore in the first quarter of this fiscal from Rs 2,682.52 crore in the corresponding period of the preceding year, according to a regulatory filing. Deepak Fertilisers & Petrochemicals Corporation Ltd is one of the leading producers of fertilisers and industrial chemicals in the country. The company has manufacturing facilities in Taloja Maharashtra; Srikakulam Andhra Pradesh; Panipat Haryana; and Dahej Gujarat.
Nishchal Jain of Share.Market believes that the 'Golden Crossover' suggests the beginning of a multi-quarter recovery cycle for Fortis Healthcare, Deepak Fertilisers and Deepak Nitrite.