GUJARAT GAS STOCK PRICE CHANGE
There is more to EV ecosystem than just auto ancillaries: 7 stocks that don’t come at the first thought but gain equally or more
Even before the stocks of companies which were entering into the electric vehicle ( EV) space got re-rated, it was the auto ancillary which got re-rated as they are expected to be the biggest beneficiary of the changing landscape. But the fact is that there are more companies which play an important part in the development of the EV eco system. For example a specialty chemical company which is a supplier to battery makers. But there are more stocks , which wont come instinctively, because of the fact that we don't think that their products have anything to do with EV, but reality they have a big stake in the system and play a critical role as some of them are producing chemical or products which are currently get imported from China.
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.
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.
Wait for DEE Development's financial show post listing for stock exposure
The company had outstanding orders of ₹828 crore as of December 2023, up 47% from FY23, driven by a strategic shift towards the oil and gas sector and pricing advantages over rivals. This resulted in a bid-to-win ratio of 46-81% over the last four years.
GMR Infra, Gujarat Gas among 4 stocks with long unwinding
Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Wednesday's trading session, four stocks witnessed a long unwinding. Here's the list:
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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.
IGL is the only preferred play in CGD pack: Harshvardhan Dole
I think there is possibility of earnings upgrade across the sector which includes upstream companies, downstream companies, and to an extent some of the gas entities. So, we are quite positive on the whole sector to begin with.
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.
Gas sector may come under GST purview in Modi 3.0, GAIL, MGL to be top beneficiaries: Citi
Citi Research suggests yet-to-form NDA government could bring gas sector under GST tax. Top bets in energy sector are GAIL (India) and Mahanagar Gas Limited (MGL).
GMR Infra, Gujarat Gas among 5 stocks with top long unwinding
Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Thursday's trading session, five stocks witnessed a top long unwinding. Here's the list:
Timken India shares jump 8% after Rs 1,800 crore block deal
On Tuesday, Timken India, a bearings manufacturer, saw a significant surge of 7.5% to reach a high of Rs 4,250 on the BSE, attributed to a substantial block deal valued at approximately Rs 1,800 crore, involving the exchange of 6.65% of equity shares.
European shares little changed, inflation data in focus
European stocks were subdued on Monday, with several major markets closed and investors taking a cautious stance ahead of key inflation data from the United States and Europe later this week.
Buy Gujarat State Petronet, target price Rs 350: Motilal Oswal
Gujarat State Petronet Ltd., incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 16429.84 Crore) operating in Gas & Petroleum sector
Buy Gujarat Gas, target price Rs 650: Motilal Oswal
Gujarat Gas Ltd. key Products/Revenue Segments include Gas Natural and Other Operating Revenue for the year ending 31-Mar-2023
Hot Stocks: Brokerage view on Lupin and Gujarat Gas; Marico gets an upgrade
Investec raised Marico's rating from hold to buy, while Jefferies upheld a buy rating for Godrej Consumer. JPMorgan continued to rate Gujarat Gas as underweight and maintained a neutral stance on Lupin.
Energy player and gas distributor gets ready to give 7% gains each
Nifty opened lower and remained under selling pressure throughout the day. It closed with a loss.
BJP's election manifesto a blueprint for economic growth; over 40 stocks to be on investors watchlist
Investors analyze BJP's manifesto for economic changes and governance reforms. CLSA and UBS highlight infrastructure focus, governance reforms, and stock market impacts. BJP's policies create opportunities for specific industries. Stock recommendations include sectors like tourism, EVs, and natural gas.
Top stocks to buy: Favourable industry trends to support oil and gas stocks
Upstream oil players and gas firms can cushion against rising volatility fuelled by stretched valuations.
F&O stocks: Hindustan Aeronautics, GAIL among 5 stocks with long buildup
Some additional checks would help traders make better trading decisions as they increase the probability of a follow-up of the upward movement in the stock price. First, if this fresh long build has come when the stock is very close to its 52-week high, that increases the probability of the stock attempting to break its previous 52-week high.
City gas companies stocks tumble on government pricing concerns
Mahanagar Gas shares plunged 15.4% to close at ₹1,324.7 Wednesday. Indraprastha Gas fell 6.15% and Gujarat Gas declined 6.74%.
Godrej Properties, Gujarat Gas among 5 stocks with top short covering
Short covering refers to the buying of shares to close an existing short position or a position that has been sold. Short covering signals a shift in view on a security from extreme bearishness to bullishness. In Tuesday's trading session, five stocks saw top short covering. Here's the list:
Sell Gujarat Gas, target price Rs 365: ICICI Securities
Gujarat Gas Ltd. key Products/Revenue Segments include Gas Natural and Other Operating Revenue for the year ending 31-Mar-2023.
Sell Gujarat Gas, target price Rs 417: ICICI Securities
Gujarat Gas Ltd., incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 38394.96 Crore) operating in Gas & Petroleum sector.
Gujarat Gas shares drop with Q3 profit, analysts bearish
Shares of Gujarat Gas dropped 6.3% due to a drop in net profit. Analysts are bearish due to growth challenges, uninspiring volume guidance, and expensive valuations. Red Sea disruptions impacted ceramic exports. Renewal of LNG contracts may offer upside to volumes in the face of a global gas glut.
Buy Gujarat Gas, target price Rs 675: Motilal Oswal
Gujarat Gas Ltd., incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 37909.64 Crore) operating in Gas & Petroleum sector.
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