News Muncher - searching for cent

Shares of Indraprastha Gas have strongly outperformed the benchmark Sensex this year so far but many analysts and brokerage firms believe the road ahead may not be smooth for the stock. IGL announced its Q4FY23 results on May 12, reporting a net profit of ₹329.13 crore - a decline of 8 per cent compared to ₹363.08 crore in the corresponding …

Cent

Shares of oil & gas companies were trading higher by up to 4 per cent on the BSE in Monday’s intra-day trade after the Government of India accepted several key recommendations made by the Kirit Parikh Committee with respect to the pricing of natural gas produced from the administered pricing mechanism fields, that are legacy fields and largely held by …

Following the steep 62 per cent hike in prices of domestically produced gas announced by the Centre last week, Mahanagar Gas on Monday increased the retail price of compressed natural gas and piped natural gas by Rs 2 each with immediate effect. Noting that the re-gasified liquefied natural gas price is also at a historical high now, MGL said these …