Shares of gas distribution companies have being in focus on expectations of rise in demand, coupled with a favourable outcome from the Kirit Parikh report.
OPEC+ meeting: While analysts said the current output cut is insignificant to move the needle on oil prices, they cautioned that more output cuts may push oil prices higher, impacting India
Stocks to Watch: The US markets suffered the biggest one-day sell-off in almost two years -Investors worry about inflation and its impact on earnings and prospects for monetary policy tightening
Earlier, on March 24, the PNG price was increased by Rs 1/SCM
Reports suggest IGL has announced a hike in prices of compressed natural gas (CNG) in the Delhi-NCR region
MGL said the company's Ebitda margins declined in Q3 mainly due to increase in administered pricing mechanism (APM) and market determined gas prices.
The Delhi government on Saturday notified a draft "aggregator's policy" under which ride aggregators and delivery services will have to mandatorily adopt EVs while procuring new fleet.
IGL hikes price of domestic PNG in Delhi by 50 paise
FII fund flows, corporate earnings and ongoing IPOs likely to be in focus today
Natural Gas related stocks were in focus on the back of CNG and piped gas price hike in several northern India cities
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
The Religare Broking analyst also recommends buying Apollo Tyres
Consolidated total income during the period under review nearly doubled to Rs 1,410.32 crore from Rs 723.16 crore in the same period a year ago
BPCL said no decision has yet been taken to sell its stake in Petronet LNG and Indraprastha Gas to help the company's owner avoid making an open offer for the two gas companies
IGL has witnessed a breakout from the consolidation range of Rs 500-545 levels after spending nearly four months there
Board recommends 180% dividend, or Rs 3.6 per share
With a strong gap-up on March 2, 2021, BPCL stock is near the resistance range of Rs 481 to Rs 483 levels
Total income declines 13.5% YoY to Rs 1,621 cr; firm says it is meeting fuel needs of over 1.2 mn CNG vehicles in NCR through a network of 560 CNG stations
A focus on localisation and increase of duties in select sectors are also expected to boost manufacturing across sectors.
Eicher Motors' stock has been witnessing profit taking for the last one month, and is likely to see a gradual recovery from hereon