GAS STOCKS
Hot stocks: Brokerage take on L&T Finance, Bajaj Finance, Gujarat Gas, Sun Pharma, and others
Brokerage firms such as UBS have maintained a buy rating on L&T Finance, while JP Morgan maintained an overweight rating on Bajaj Finance, Citi has initiated coverage on Indegene and maintained a sell rating on Gujarat Gas.
2 top stock recommendations from Aditya Arora
Mahanagar Gas did give good rally in last two days. But if we look on the very short-term timeframe, then 1700 is the resistance mark for the stock. 1680 to 1700 is the supply zone. Until that is not taken out, excess supply is not absorbed, stock would face hurdle and hiccups in giving a one-way rally.
HPCL, ONGC, GSPL only pockets of value in oil & gas sector: Motilal Oswal
HPCL, ONGC and Gujarat State Petronet (GSPL) are the only stocks with value in the Indian oil and gas sector, domestic brokerage firm Motilal Oswal stated in its report, noting that value trade has faded away in the sector.
Buy Oil And Natural Gas Corporation, target price Rs 340: Motilal Oswal
Oil And Natural Gas Corporation Ltd., incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 339541.74 Crore) operating in Gas & Petroleum sector.
These 5 energy stocks can give more than 18% returns in one year
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Morgan Stanley bullish on 4 gas stocks if natural gas is included in GST
Morgan Stanley predicts bullish trends for gas stocks following the inclusion of natural gas under GST. E&P giants like ONGC and Oil India are poised to benefit most, with estimated upsides of 5% and 3-4% respectively in earnings. Operational efficiencies and cost reductions are expected, enhancing prospects across the natural gas value chain.
Volatility ahead, time to look at boring utility stocks? 4 stocks from the natural gas sector with an upside potential of upto 26%
Gas stocks have been underperforming the market for a while. Several factors contribute to this, including stagnant volume growth, companies struggling to expand into new areas, and the latest challenge from electric vehicles (EVs). An announcement about aggressively promoting EVs in Delhi bought additional pressure on stocks like IGL. While EVs are expected to dominate in the future, does this spell the end for gas companies? Probably not. There are still many other uses for gas, and the negative narrative might be overstated. Additionally, these companies have strong cash reserves and cash flows from their existing businesses, which they can use to explore new opportunities within the EV ecosystem. Also at time when volatile market conditions, these stocks tend to weather the storm better.
Hot Stocks: Brokerage view on Wipro, IndiGo, UNO Minda and GAIL
Domestic brokerage Kotak Institutional Equities has a buy rating on IndiGo with a target price of Rs 5,700. The probability of Indigo breaching margin peaks is increasing. Most challengers to IndiGo will see another year of stiff losses in FY2025.
Adani Group suffers Rs 3 lakh crore shock as stocks crash up to 20%
Adani Group Stocks: Shares of all 10 Adani Group companies fell as PM Modi's election results showed unexpected outcome, leading to a 20% crash in Adani Ports stock.
RIL investors suffer Rs 1.27 lakh crore loss as stock ends 7.5% lower
Shares of RIL dropped 7.5% on BSE as NDA alliance's election results differed from exit polls, wiping off Rs 1.27 lakh crore from investors. RIL hit an all-time high of Rs 3,029 on June 3, with a market cap of Rs 20.44 lakh crore, now at Rs 18.9 lakh crore.
Stock Radar: Adani Total Gas rallies 11% in May, breaks above Descending Triangle formation; time to buy?
The stock rose from Rs 929 on April 30, 2024, to Rs 1,039 on May 31, 2024, which translates into an upside of 11.8% in a month. The stock quickly scaled Rs 1,100 levels in Monday's intraday trade. The momentum helped the stock break out from the Descending Triangle Formation on the daily chart. The breakout was confirmed with strong volumes, which is a positive sign for the bulls.
Rs 1.4 lakh crore gain! Adani stocks zoom up to 16% as exit polls predict Modi's return
Adani Group stocks soared up to 16% as exit polls predicted a victory for Prime Minister Narendra Modi. The conglomerate's combined market cap rose by nearly Rs 1.4 lakh crore, reaching Rs 19.24 lakh crore. Adani Power surged 16%, while other group entities also saw significant gains, nearing pre-Hindenburg levels.
Adani surge helps indices break losing streak on eve of exit polls
Adani Group stocks surged up to 9% after brokerage Jefferies recommended buying shares of four companies within the conglomerate in Mumbai.
Crude oil trades near $83/bbl; HPCL, GAIL could give 7-16% return in next 1 year
With oil prices declining, OPEC's meeting gains significance. Global oil demand growth projections are revised while refining margins remain weak. Gail India and HPCL offer upside potential, driven by robust domestic gas demand and refinery upgrades.
Stock Radar: 70% rally in 1 year! This oil & gas stock making higher highs on monthly charts; what should investors do?
Tracking the momentum, BPCL shares hit a record high of Rs 687 on February 16, 2024, but it failed to hold the momentum. The oil & gas stock witnessed a price-wise correction but is showing signs of bottoming out.
Railways stocks: Stay bullish, just hedge a bit to avoid mistake of selling in haste: 7 outperforming railways stocks across different segments
Even the best of the rational brain can make wrong decisions when there is too much noise which gets created due to a narrative. Now for the last few days a narrative has been created that due to polls, FPI are selling. These kinds of narratives tend to hit the sector and stocks which are sitting with big gains and are dependent on government policy push. Railways was among the last sectors to get re-rated due to the policy focus. Whether it was companies which are financing the expansion of railways or private sector companies which are making coaches, all of them have done extremely well. Given the fact the railways is likely to be the focus area, the long term story remains intact. Only thing is that one might end up selling the long term winner early because of the narrative. Rather than getting jittery, it would be better to create a hedge and stay with the stocks where there has been a big change in the fundamental ways things operate and the sector has a long runway.
Get your portfolio ready for election results: Hedge the re-rated oil and gas sector stocks
Right from power, railways, PSU banks, sectoral lenders to oil and gas there are many sectors which have made a comeback in the last 10 years. Comeback both in the real business sense, where the operating matrix and fundamentals of the sector have improved which has led to better performance. Also a comeback on valuation front, where the stocks which were quoting at a price earning multiple of single have been now consistently quoting in high double multiples. A number of them have seen this transformation due to a stable policy environment, policy push and policy cleanup which the government has undertaken in the last ten years. The consensus estimate of the street is that policy continuity is the most critical thing for the re-rating to continue. In this new series, we take a different sector and how much they are dependent on government policy and how investors can protect their portfolio from any sudden decline.
MFs lap up commodity and metal stocks; some buy Kotak Bank, too
Vedanta, Hindalco, NMDC, GAIL India and ONGC were among the top picks in that space. Some leading mutual funds also lapped up Kotak Mahindra Bank, whose shares have been beaten down after the Reserve Bank of India’s ban on the private lender from issuing new credit cards and onboarding new customers through mobile and online banking, and the exit of joint managing director KVS Manian. Some funds bought shares of Axis Bank, while sold ICICI Bank and Jio Financial Services.
Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus
Stock Reports Plus, powered by Refinitiv, undertakes detailed company analysis for 4,000+ listed stocks. In addition to detailed company analysis, the report also collates analysts’ forecasts and trend analysis for each component. An average score in Stock Reports Plus is calculated by undertaking quantitative analysis of five key investment tools - earnings, fundamentals, relative valuation, risk and price momentum.
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