Contra traders should look for short selling opportunity around 11,750/11,760 with a final stop loss at 11,810
The cargoes are offered for loading between June 2019 and March 2020 on a free-on-board basis, meaning buyers will have to arrange shipping.
Kotak believes it is safer to avoid downstream PSUs (BPCL, HPCL and IOCL) in the near term, as current valuations ignore potential risks
Allocation of complementing geographies stands as a positive for the downstream gas companies and would facilitate higher utilisation of the existing infrastructure, thereby bringing added operating efficiencies in the long term
HDFC Securities is bullish on GAIL has recommended buy rating on the stock with a target price of Rs 406 in its research report dated February 05, 2019.
Dolat Capital recommended accumulate rating on GAIL with a target price of Rs 372 in its research report dated February 06, 2019.
Deutsche Bank has a Buy rating on Jubilant Foodworks, while Citi has maintained its Neutral call on GAIL
GAIL sold 9 percent more natural gas and transported 11 percent more LPG. Liquid hydrocarbon sales were up 5 percent.
Higher input costs ate away a portion of the operating profits despite inventory gains and a cut in employee expenses, finance costs and other expenses.
Total returns from 44 listed non-bank PSU stocks were a mere 3 percent annual growth over the last five years. While the metrics may seem attractive, the returns call for caution.
Net Sales are expected to increase by 29.3 percent Y-o-Y (down 3.3 percent Q-o-Q) to Rs. 18,637.2 crore, according to Prabhudas Lilladher.
Petronet will now continue to provide the storage, receiving and re-gasification services for the above-mentioned contract but will not be the buyer of LNG.
GAIL has an existing partnership with Greater Calcutta Gas Supply Corporation for city gas which already has a piped gas infrastructure in metropolitan area and some portions of adjoining districts of Kolkata.
Work on the 729-km pipeline, which will act as a branch line from the prestigious Pradhan Mantri Urja Ganga pipeline project, will commence from December, the company said in a statement
CLSA sees Vedanta, GAIL and ONGC being good buy options based on factors such as favourable risk reward and lack of subsidy burden, among others.
India wants to raise share of natural gas in its energy mix to 15 percent in next few years from about 6.5 percent as the world's third-biggest oil importer and consumer wants to cut its massive import bill and reduce its carbon footprint.
CPSE ETF, which functions like a mutual fund scheme, comprises scrips of 10 bluechip PSUs namely ONGC, Coal India, IOC, Oil India, PFC, Bharat Electronics, REC, GAIL, EIL and Container Corporation of India.
It is looking at possibilities of setting up battery charging stations for e-vehicles at CNG dispensing stations in a bid to diversify its portfolio beyond gas and petrochemicals.
The aim is to replace industrial gases like dissolved acetylene, LPG and furnace oil/high-speed diesel (HSD) with environment-friendly natural gas.
GAIL, India's biggest gas marketing and trading firm, launched an online portal on Monday for companies to book natural gas pipeline capacity.
To resolve the conflict arising out of the same entity owning the two jobs, GAIL will bifurcate the accounts and give outside parties access to its vast pipeline network.
GAIL and IGL reported strong volume and a topline growth during Q1FY19. We find both stocks fundamentally sound and stay convinced with their growth story. While valuations for GAIL are attractive, we would recommend a better entry point for IGL.
The nation's biggest natural gas transporting and marketing company wants to insert six new sections in the main objects clause of the memorandum of association of the company.