Technical calls from Nandish Shah, Senior Technical & Derivatives Analyst at HDFC Securities.
MSCI, the world's biggest index compiler, has added eight Indian stocks including HDFC Asset Management, Info Edge (India) and Indraprastha Gas Ltd to its India Index, while removing Vodafone Idea, Yes Bank and four others that have seen significant market capitalisation erosion this year. It has added eight companies and deleted six from the MSCI India Domestic Index. Those deleted include Bharat Heavy Electricals Ltd (BHEL), Glenmark Pharmaceuticals, Indiabulls Housing Finance, L&T Finance Holdings, Vodafone-Idea Ltd and Yes Bank, MSCI said in a statement. Those added to the MSCI India Index include Berger Paints, DLF, HDFC Asset Management, ICICI Prudential Life, Indraprastha Gas Ltd, Info Edge (India), SBI Life Insurance Co and Siemens India. MSCI added seven stocks and deleted four from MSCI Global Standard Index. The additions included Berger Paints, Colgate, DLF, HDFC AMC, ICICI Prudential Life, SBI Life, and Siemens. Meanwhile, the deletions from the global index include ..
In Q2FY20, compressed natural gas (CNG) sales volume increased by 10 per cent and piped natural gas (PNG) sales volumes increased by 12 per cent over Q2FY19.
IGL sells Compressed Natural Gas (CNG) to automobiles and Piped Natural Gas (PNG) to household kitchens and industries
While strong demand is driving volumes, low natural gas prices bode well for profitability
It meets fuel requirements of over 105,000 vehicles running on CNG in national capital region through a network of over 500 CNG stations
Over the next two months, they plan to install 45 more chargers across other four cities
Company CEO Prabhat Singh said it was in the final stages of inviting bids to set up Liquefied natural gas (LNG) outlets
The stock rallied 6% to Rs 297, extending its 11% rally in past two days after the company agreed to take over the supply of natural gas in Gurugram district from Haryana City Gas Distribution.
IGL, MGL and Gujarat Gas were up in the range of 4% to 6% on the BSE in intra-day trade
The stock hit a record high of Rs 1,300, up 7% on BSE in early morning trade.
The approval is for 25% of total opportunity around Gurugram leading to scope for further expansion
The stock hit a record high of Rs 901, up 3.6% on the BSE in intra-day trade in otherwise volatile market.
The stock rallied 5% to Rs 865 on BSE in early morning trade.
The stock moved higher to its all-time high of Rs 781, up 7%, extending its Monday's 4% gain on the BSE.
Healthy prospects of core business to drive growth and stock
Healthy prospects of core business, win of Rewari city gas distribution licence and inorganic businesses to drive growth and stock price higher
The stock moved higher to its record high of Rs 615, up 6% on the BSE, in otherwise subdued market.