PETRONET.NSE Petronet LNG Ltd.
393
298.75
3.45
(1.17%)
| Watchers | 393 |
| 52-Wk Low | 191.70 |
| 52-Wk High | 323.15 |
| Market Cap | 449.48B |
| Volume | 3.18M |
| 52-Wk High | 323.15 |
| 52-Wk Low | 191.70 |
Hot Stocks: Here's why you should buy BHEL, MRPL, Petronet LNG for short termMoneycontrol • 17 days ago
With the overall sentiment remaining bullish, any pullbacks towards the support zone should be viewed as buying opportunities in the Bank Nifty.
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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.
In terms of levels, immediate resistance for Nifty is noted at 22,900, followed by further resistance at 23,170 and 23,400. Conversely, crucial support levels are identified at 22,500 and 22,300.
Sturdy support for Nifty remains at 22,200 followed by 22,100 levels while resistance is placed around 22,700-22,750.
Around 70% of stocks in Nifty MidCap 100 and Nifty SmallCap 100 indices witnessed a rise in mutual fund stakes in December 2023 quarter, according to Ace Equities data.
Based on the data, we don't anticipate any major cracks in the market. However, if there is a significant cut, the markets may not be able to sustain at the lower levels.
Emkay Global Financial is bullish on Petronet LNG has recommended buy rating on the stock with a target price of Rs 300 in its research report dated January 30, 2024.
Motilal Oswal recommended Neutral rating on Petronet LNG with a target price of Rs 295 in its research report dated January 30, 2024.
On Budget day, the Nifty 50 is likely to trade in the range of 21,500 on the lower side, and 21,900 on the higher side.
Sun Pharmaceutical Industries formed healthy bullish candlestick pattern on the daily timeframe with above average volumes and traded above all key moving averages.