With this agreement, the company’s total gas requirements for the next three years have been tied up with a gas basket consisting of a combination of Brent, HH & domestic linked, in order to give a risk-mitigated basket.
Returns of the same magnitude may be difficult to match in 2023, but the domestic consumption story is a big plus and a lot will also depend on the macro environment, corporate headwinds amid recessionary trends overseas.
PNB Housing Finance was in focus, rising more than 4 percent to Rs 444, which was one month high, and formed robust bullish candle on the daily charts with large volumes for second consecutive session.
Godfrey Phillips India was also in action, rising 7.5 percent to Rs 1,410.5, the highest closing level since January 27, 2020. It has seen formation of robust bullish candle on the daily charts, which engulfing previous day's red candle, with large volumes.