Shares of railway, defence and PSU stocks rose up to 2% on Tuesday on BSE ahead of the Union Budget, scheduled to be presented by the Finance Minister at 11 am.Among railway stocks, RailTel gained the most, rising 3% to Rs 537.50, while other stocks like Ircon International, IRCTC, IRFC and RVNL were trading flat. …
In its latest note, global brokerage house Jefferies highlighted that the Modi government’s renewed efforts to include natural gas under GST could benefit companies like Gujarat Gas Ltd, GAIL (India) Ltd, and Petronet LNG Ltd. The brokerage noted that among the 4 key states that could hold sway, 3 are under the ruling NDA. The …
Stock Market News: Domestic benchmark equity indices, the Sensex and the Nifty 50, closed the day lower on Tuesday, mirroring unfavourable global cues, further dragged by information technology (IT) firms that are quite sensitive to the US Federal Reserve’s (US Fed) commentary and interest rate decision. The recent scepticism in the Indian market was prompted …
The city gas distribution space is abuzz, and not for the best reasons. The three companies, IGL, MGL and Gujarat Gas have cut prices. IGL and MGL for the CNG segment and Gujarat Gas for the industrial segment and all of them cited lower natural gas prices as the reason for this price cut. But price …