Gas stocks in focus: Adani Gas, GAIL, Petronet can see up to 15% upside

The likes of Adani Total Gas, GAIL India, Petronet LNG, Indraprastha Gas, Gujarat Gas can witness 6-15 per cent upside as per the daily and weekly chart patterns

Shares of gas-related sector were in focus on Friday after the government announced a 62 per cent hike in natural gas price for the second half of the fiscal year on Thursday. 

The price of domestic-produced natural gas was hiked to $2.9 per million British thermal units (mBtu) for the October 2021-March 2022 period on Thursday. The ceiling price of natural gas produced from deepwater, ultra-deepwater, and high pressure-high temperature (collectively called difficult) discoveries has also been hiked to $6.13 per mBtu. READ THE FULL STORY HERE

Adani Total Gas Ltd (ATGL)
Likely target: Rs 1,525