 "gas, gas price")
Shares of natural gas producers and distributors were trading with a positive bias on Friday as the government hiked prices of commercial LPG by Rs 250 per cylinder. Adani Total Gas surged 3 per cent, GAIL (India) jumped 2 per cent, and Mahanagar Gas was up a per cent.
Here’s the outlook on gas-related stocks given the backdrop of this price hike:-
GAIL (India) Limited (GAIL)
Likely target: Rs 169.70 and Rs 185
Upside potential: 6% to 15%
The stock seems to be headed towards a new 52-week high. The present 52-week high stands at Rs 159.85
Here’s the outlook on gas-related stocks given the backdrop of this price hike:-
GAIL (India) Limited (GAIL)
Likely target: Rs 169.70 and Rs 185
Upside potential: 6% to 15%
The stock seems to be headed towards a new 52-week high. The present 52-week high stands at Rs 159.85
