These 5 mid-cap stocks may rise up to 20 per cent, as technical charts reveal positive breakouts
The Government of India has accepted several key recommendations made by the Kirit Parikh Committee with respect to the pricing of natural gas produced from the APM fields.
Stocks to Watch: Shares of city gas distributors are likely to be in focus today as they react to government's nod for new pricing regime.
The government kept domestic gas prices unchanged at $8.6/mmBtu on a provisional basis from April 2023 to September 2023
The stock price of Indraprastha Gas (IGL) has been taking support at 200 day EMA since January 2023
The proposed domestic gas pricing formula by Kirit Parikh panel will likely provide headroom to CGDs to reduce prices and improve margins, but this may hurt producers like ONGC, Oil India, experts say
The S&P BSE Oil & Gas index hit a 52-week high of 20,653.57 in intra-day trade on Wednesday
Barring Gujarat Gas, other gas related stocks like Reliance, ONGC, MGL, IGL are poised for the next upside