While FIIs are cautiously selling Indian equities, they have started buying shares of CGD companies.
In this edition of Market Minutes, N Mahalakshmi talks about what will define the market mood this week. Market Minutes is a morning podcast that tracks the risk-reward in stock markets by putting the spotlight on keys data points and developing trends
City gas distribution stocks were back in demand today after the recommendations of the Kirit Parikh panel on gas pricing were reported by news outlets. Watch Santo and CJ analyse the recommendations of the panel and talk about the stocks that might benefit.
In this edition of the Moneycontrol podcast, Moneycontrol Pro's Nitin Sharma tells Santosh Nair if this is the right time to invest in the gas sector. Tune in.
City gas distribution companies are under pressure but Santo believes that the worst is likely over for the sector. CJ, on the other hand, believes the worst is yet to come. Watch as the duo debates the prospects of Mahanagar Gas and Indraprastha Gas, plus share their thoughts on BLS International and Steel Strip Wheels.
On Friday, prices of natural gas were hiked by a steep 40 per cent to record levels, in sync with the strong energy rates globally.
Petronet LNG, GAIL India, Gujarat Gas, Indraprastha Gas and Gujarat State Petronet, among others, gained 2-6 percent intraday.
Harendra Kumar of Elara Capital suggest playing the branded apparel space for the long-term.
Speaking to CNBC-TV18, Harshvardhan Dole, vice president institutional equities, IIFL, says one should take a very selective call among gas stocks as some companies‘ valuations have been broken down badly.
Anil Manghnani of Modern Shares & Stock Brokers, explains to CNBC-TV18 that the market‘s next break-out would be above 5,150. He terms the performance of cement stocks as a case of playing catch-up after reaching lows in previous sessions.