Indraprastha Gas Ltd News
IGL, BPCL, Gail (India) shares rise 2% each on in-principle nod to MNGL IPO
MNGL IPO news: BPCL's Board has given an in-principle approval for MNGL listing
 "IGL, BPCL, Gail (India) shares rise 2% each on in-principle nod to MNGL IPO")
Derivatives Market Update: JSW Energy, Adani Group stocks see long build-up
On the other hand, Cyient, CAMS, Hero MotoCorp, ICICI General Insurance, Jio Financial Services witness short build-up in trades on Monday.
 "Derivatives Market Update: JSW Energy, Adani Group stocks see long build-up")
IGL gains 2% as board approves bonus issue, increasing authorised capital
A bonus issue refers to a corporate action in which a company issues additional shares to its existing shareholders without any cost
 "IGL gains 2% as board approves bonus issue, increasing authorised capital")
Indraprastha Gas stock shines in weak market; gains 4% on bonus share plan
The surge in IGL share price came after the company announced that its board would meet to consider a proposal for a bonus issue of equity shares for its shareholders
 "Indraprastha Gas stock shines in weak market; gains 4% on bonus share plan")
Bullish cues: Notable Put-writing seen for first time in 2 mths; F&O data
Derivatives market update for Nov 25: FIIs net purchased 46,700 contracts of index futures on Friday - the most in a single day since September 22; thus reducing some of their short bets.
 "Bullish cues: Notable Put-writing seen for first time in 2 mths; F&O data")
DMart, Tata Consumer, Asian Paints, IGL from BSE200 index hit 52-week lows
Adani Energy and Adani Wilmar from the BSE200 index have hit their respective 52-week lows after Gautam Adani and others were charged by US prosecutors for allegedly bribing Indian officials
 "DMart, Tata Consumer, Asian Paints, IGL from BSE200 index hit 52-week lows")
Options data hint at bearish bias for Nifty, Bank Nifty; FIIs trim shorts
F&O cues for Nov 21: Foreign investors open interest in Bank Nifty futures declined over 9 per cent as they net bought nearly 25,000 contracts on Tuesday, shows the NSE F&O data.
 "Options data hint at bearish bias for Nifty, Bank Nifty; FIIs trim shorts")
MGL, IGL plunge up to 20% as govt reduces APM gas allocation to CGDs again
Motilal Oswal Financial Services believe that IGL shall be affected the most by this significant reduction in the domestic gas allocation, followed by MGL and then Gujarat Gas.
 "MGL, IGL plunge up to 20% as govt reduces APM gas allocation to CGDs again")
Nifty resistance stands at 25,000-mark; Bias for Bank Nifty turns positive
F&O cues for Oct 21: Despite Friday's recovery, Nifty options continues to reflect cautious sentiment, with call writing outweighing put writing on Friday, said Dhupesh Dhameja of SAMCO Securities.
 "Nifty resistance stands at 25,000-mark; Bias for Bank Nifty turns positive")
MGL, IGL stocks tank up to 14%; Why are CGD shares falling in trade today?
APM gas allocation cut by around 20% for CNG segment will have an adverse impact on the profitability of MGL and IGL
 "MGL, IGL stocks tank up to 14%; Why are CGD shares falling in trade today?")
City gas distributors' MGL, IGL rally 6% on healthy volume growth hopes
According to reports, global brokerage UBS has recommended 'Buy' ratings on IGL and MGL with target prices of Rs 700 per share and Rs 2,400 per share, respectively
 "City gas distributors' MGL, IGL rally 6% on healthy volume growth hopes")
