Deepak Fertilisers and Petrochemicals Corporation Limited is identified as an investment opportunity by Bajaj Broking’s Research Desk’s Alpha Trade Category with a target price of Rs. 828.
The current market price as of 12:58 PM, is Rs. 761.30 with a target price of Rs. 828, making it a stock to buy this week.
Deepak Fertilisers has shown a breakout above multiple highs, indicating a structural turnaround and a growth trajectory.
The breakout is supported by a trading volume six times the 50-week average, indicating strong market participation.
Recommended Range: Rs. 740 - 756. Target Price: Rs. 828. Stop Loss: Rs. 703. Potential Upside: 10%. Duration: 35 Days.
Alpha Trade Success Bajaj Broking’s Alpha Trade recommendations show a 93% strike rate with an average return of 9%.