New Buy Rating for Deepak Nitrite Limited (DEEPAKNTR), the Basic Materials Giant
In a report released on May 30, from Morgan Stanley maintained a Buy rating on Deepak Nitrite Limited (DEEPAKNTR – Research Report), with a price target of INR2,421.00. The company's shares closed last Friday at INR2,027.30.
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The analyst consensus on Deepak Nitrite Limited is currently a Hold rating.
The company has a one-year high of INR3,168.65 and a one-year low of INR1,780.50. Currently, Deepak Nitrite Limited has an average volume of 16.64K.
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With the nearly $2 trillion lid on its balance sheet gone, the bank can grow its deposit base further, invest more into high-growth lines of business and can lower costs that were previously poured into compliance and remediation efforts. On Wednesday, at least, the market reaction is somewhat subdued, with Wells Fargo shares up less than 1% to roughly $76 apiece. Investors had likely been pricing some of the good news, viewing the asset-cap removal as a "when, not if" event. Entering Wednesday's session, Wells Fargo's had significantly outperformed a group of banking peers since Election Day in November, as investors bet on an easier regulatory regime under President Donald Trump's second term. Wells Fargo also had numerous other scandal-related penalties lifted earlier this year. No matter the stock move Wednesday, Jim said investors need to remember that this is "a fundamental change" for the bank and CEO Charlie Scharf. 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As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
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