Gujarat State Petronet shares nosedive 20% after regulator slashes tariffMoneycontrol • 4 days ago
The new tariff is not just 47 percent lower than GSPL's existing tariff but also a third of what was sought by the company
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The government has set out a target of more than doubling the share of natural gas in India's energy basket to 15 percent by 2030, and the promised push in BJP's manifesto is supporting the interest in share prices of CGD companies.
Eicher Motors ended at new closing high of Rs 4,205.75 after breakout of falling resistance trendline adjoining highs of December 4 and December 29 last year, and formed strong bullish candlestick pattern on the daily timeframe with healthy volumes.
Experts are hopeful of further uptrend towards 22,700-22,800 in the coming sessions, with support at 22,300-22,200 levels, and the volatility index diving to November 2023 lows
According to the brokerage, risk reward is unfavorable for the stock with it trading above +1 SD over LT Average.
The 10-megawatt proton exchange membrane electrolyser for the green-hydrogen producing unit at the Vijaipur complex in Madhya Pradesh state has been imported from Canada, they added.
ICICI Securities is bullish on Gail India recommended buy rating on the stock with a target price of Rs 230 in its research report dated March 12, 2024.
Colgate Palmolive ended at record closing high after breaking the recent consolidation range and formed long bullish candlestick pattern on the daily charts with healthy volumes.
Motilal Oswal is bullish on GAIL (India) recommended buy rating on the stock with a target price of Rs 215 in its research report dated March 09, 2024.
Emkay Global Financial recommended reduce rating on GAIL with a target price of Rs 145 in its research report dated March 11, 2024.