Neeraj Dewan on defence theme and 2 stocks to bet on this Diwali
"Century Enka has started recycling the nylon fixed waste and getting that back as part as raw material and even selling in the global market. Depolymerisation is helping them achieve their targets. The valuation is very attractive and the market cap is almost half the sales last year. At such decent valuations, there is a possibility of rerating because the capacity is coming in. It is a good investment from that angle."
Government extents duty on Nylon Tyre cord for five years โฆ positive for SRF and Century Enka
Media reports that the Government continuation of anti-dumping duty on Chinese Nylon tyre cord for a period of five yearsโ positive for SRF and Century Enka
Trade Setup for Tuesday: Top 14 things to know before Opening Bell
Key support level for Nifty is placed at 7,409.48, followed by 7,208.72. If the index moves up, key resistance levels to watch out for are 7,985.13 and 8,360.02.