Shares of state-owned Oil India Limited (OIL) jumped nearly 8% to their 52-week high of Rs 318 on the NSE in Monday’s trade as international crude oil prices jumped more than $3 a barrel on Monday as the Israel-Hamas crisis deepened, raising supply concerns. Oil India shares were the top gainers in the Nifty Oil … Read more
Brokerage house Morgan Stanley is positive on ONGC, and Oil India, while Macquarie has an outperform rating on Delhivery. Axis Capital upgraded Indigo to buy, and Jefferies maintained a buy rating on Prestige Estate. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on Energy stocks: … Read more
NEW DELHI: The government on Thursday hiked the price of natural gas, that is used to produce electricity, make fertilisers and turned into CNG to use as fuel in automobiles and cooking gas for household kitchens. The 62 per cent price hike, coming on the back of a steep rise in international gas prices on … Read more
NEW DELHI: Gradual but rapid rise in crude oil prices and petroleum products may have put strain on the foreheads of Indian policymakers, but there is one section on Dalal Street who is not complaining. Oil explorers are set to gain from the swift climb in the global crude prices and some of them have … Read more