Oil stocks tank up to 8% after cut in petrol, diesel prices; HPCL, BPCL, IOCL, GAIL, ONGC lead fall
OMCs have slashed petrol and diesel prices across the country by ₹2 per litre for the first time in two years since April 2022.
gail india
March 2024
August 2023
July 2023
April 2023
November 2022
August 2022
July 2022
February 2022
GAIL plans ₹30,000 cr capex in next 3 yrs; stock surges
In the fiscal year 2022-23, GAIL makes capital expenditure worth ₹10,000 crore, while it incurs capex of ₹2,391 cr in Q1
GAIL shares hit 52-week high on double upgrade from UBS
Consensus is yet to fully appreciate the upside to realised tariffs from tariff integration, as well as the scope of India's improving gas demand and GAIL's pipeline expansion, says UBS.
Oil stocks rally; BPCL, HPCL, IOC hit 52-week highs
Among other state-owned OMCs, Oil India, GAIL (India), ONGC shares surged up to 4% amid strong volume trade.
City Gas distributors' stocks rally up to 5%; Adani Total Gas, ONGC, MGL lead
The stock prices of city gas distributors surged as they cut CNG and PNG prices after the Centre revised the pricing methodology for domestic natural gas.
GAIL profit declines 46% YoY in September quarter; shares tumble 3%
Following this, the stock of GAIL tumbled as much as 3.2% to hit an intra-day low of ₹88.
GAIL to raise ₹25,000 cr debt ahead of expansion
GAIL had recorded a 116% increase in revenue at ₹37,572 crore in the April-June quarter of FY23; profit rose 91% to ₹2,915 crore
Crude prices fall below $100; here’s how oil stocks reacted
Adani Total Gas declined 4%, followed by Reliance Industries, HPCL, GAIL, and IGL, which dropped up to 2%
RIL, ONGC, GAIL, IOC skid up to 15% as govt hikes export tax on petrol, diesel
Reliance Industries nosedived 8.65% to touch an intraday low of ₹2,369.45 on the BSE, registering its biggest single-day decline in the last 18 months
Gap-down opening seen for Sensex, Nifty; ITC, HDFC, Zee, Titan, in focus
The BSE Sensex and the NSE Nifty are set to open lower on Thursday, following weak cues from Asian peers and negative trading at Singapore Nifty futures.
