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Natural Gas Strategy Report by Choice Broking Ltd NATURAL GAS Natural gas has surged significantly in this week, inclined by nearly 11% in December contract, driven by a larger-than-expected decline in US Inventories and Colder weather forecast suggesting rise in heating demand. Natural gas price has resumed today with gapped higher by 3%, continued to trade in bullish momentum for 3rd consecutive session. On Daily chart, Natural gas price has continued to trade in Rising channel formation, trailing over 20-DMA level placed at 277. Imm...
Natural Gas Strategy Report by Choice Broking Ltd
Natural Gas Strategy Report by Choice Broking Ltd
Source: Choice Broking Ltd.
2024-12-20 05:57:01 pm
Hold Indraprastha Gas Ltd For Target Rs.402 By PL Capital Strong volume growth, miss on margins Quick Pointers: * Strong volume growth of 8.7% YoY led by 7% growth from Delhi and 29% from newer GAs * EBITDA/scm of Rs6.5 due to higher sourcing cost We upgrade the rating from ‘SELL’ to ‘HOLD’ post correction in stock price with a TP of Rs402 based on 15x avg FY26-27E standalone EPS and adding the value of investments. Indraprastha Gas (IGL) reported lower-than-expected Q2 results with EBITDA of Rs5.4bn (down 7.9% QoQ,...
Hold Indraprastha Gas Ltd For Target Rs.402 By PL Capital
Hold Indraprastha Gas Ltd For Target Rs.402 By PL Capital
Source: Prabhudas Lilladher Capital
2024-12-03 02:44:57 pm
Consumption of natural gas rises by 7 pc in June as more Indians switch to green fuel The consumption of natural gas in India went up 7.1 per cent in June to 5,594 million metric standard cubic metres (MMSCM), this year compared to the same month last year, as more households across the country are using the fuel for cooking; the demand is also rising in the urban transport segment, according to data compiled by the Ministry of Petroleum and Natural Gas.  While there was an increase of 2.9 per cent in domestic gas production to 2,993 MMSCM during the month, which helpe...
Consumption of natural gas rises by 7 pc in June as more Indians switch to green fuel
Consumption of natural gas rises by 7 pc in June as more Indians switch to green fuel
Source: IANS
2024-07-18 12:21:57 pm
India's eight core industries post 6.3 per cent growth in May The eight core industries that include sectors such as coal, cement, steel and electricity posted a 6.3 per cent growth in May this year compared to the same month of the previous year, according to data released by the Commerce and Industry Ministry on Friday.  Electricity generation clocked a robust 12.8 per cent increase during May over the same month of the previous year. Coal production also posted a double-digit growth of 10.2 per cent in May while steel production rose by 7....
India's eight core industries post 6.3 per cent growth in May
India's eight core industries post 6.3 per cent growth in May
Source: IANS
2024-06-29 09:30:59 am
India`s April infrastructure output rises 6.2% y/y India's infrastructure output in April rose 6.2% year-on-year, compared with a revised 6% growth in March, government data showed on Friday, backed by strong electricity and steel output. Infrastructure output, which accounts for 40% of industrial production, measures activity in eight sectors, including refinery products and electricity. Coal production grew 7.5%, while electricity generation rose 9.4%. In March, coal production rose 8.7% and electricity generation grew 8.6%. St...
India`s April infrastructure output rises 6.2% y/y
India`s April infrastructure output rises 6.2% y/y
Source: Reuters
2024-05-31 05:45:39 pm
Output of eight core industries registers growth of 5.2% in March 2024 The output of eight core industries posted a growth of 5.2 percent in March 2024 as the production of cement, coal, electricity, natural gas, steel and crude oil recorded positive growth in the same month. The output of core sectors had grown by 7.1 per cent in February 2024 and 4.1 per cent in January 2024, while it stood 4.2 per cent in March 2023. The Eight Core Industries - coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity - comprise 40.27 per cen...
Output of eight core industries registers growth of 5.2% in March 2024
Output of eight core industries registers growth of 5.2% in March 2024
Source: Accord Fintech
2024-05-02 11:34:51 am
Buy Mahanagar Gas Ltd For Target Rs.1,314 - Motilal Oswal Financial Services Ltd In-line performance * Total volumes were in line with est. at 3.7mmscmd (up 8% YoY) * CNG volumes stood at 2.6mmscmd (up 6% YoY) * PNG total volumes were at 1mmscmd (up 11% YoY) * EBITDA/scm came in line with our estimate at INR13.3 (up 63% YoY) * Resultant EBITDA was also in line at INR4.5b (up 75% YoY) * PAT was also in line at INR3.2b (up 84% YoY). * For 9MFY24, revenue stood at INR46.8b (flat YoY), EBITDA at INR14.5b (up 82% YoY) with PAT at INR10.2b (up 96% YoY) *...
Buy Mahanagar Gas Ltd For Target Rs.1,314 - Motilal Oswal Financial Services Ltd
Buy Mahanagar Gas Ltd For Target Rs.1,314 - Motilal Oswal Financial Services Ltd
Source: motilal oswal financial services Ltd
2024-04-22 02:51:40 pm
Likhitha Infrastructure climbs on bagging order worth Rs 33.32 crore Likhitha Infrastructure is currently trading at Rs. 267.35, up by 6.55 points or 2.51% from its previous closing of Rs. 260.80 on the BSE. The scrip opened at Rs. 261.65 and has touched a high and low of Rs. 272.25 and Rs. 259.00 respectively. So far 9816 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 342.65 on 29-Sep-2023 and a 52 week low of Rs. 224.20 on 20-Mar-2023. Last one week high and low of the scrip s...
Likhitha Infrastructure climbs on bagging order worth Rs 33.32 crore
Likhitha Infrastructure climbs on bagging order worth Rs 33.32 crore
Source: Accord Fintech
2024-03-05 03:31:25 pm
Proposed 5% biogas blending with natural gas supplies can cut LNG imports worth $1.17 billion annually: IBA A study by the Indian Biogas Association (IBA) has stated that the proposed 5 per cent blending of biogas with natural gas supplies in the country can cut LNG imports worth $1.17 billion annually. The study comes against the backdrop of the government's recent mandate to blend one per cent biogas with piped natural gas (PNG) supplies in the country from April 1, 2025 under the compressed biogas blending obligation (CBO) scheme. The biogas blending is proposed to be further increased to 5 ...
Proposed 5% biogas blending with natural gas supplies can cut LNG imports worth $1.17 billion annually: IBA
Proposed 5% biogas blending with natural gas supplies can cut LNG imports worth $1.17 billion annually: IBA
Source: Accord Fintech
2023-12-04 12:04:40 pm
India seeks to build strategic reserves by storing gas in depleted wells India is looking at building its first strategic natural gas reserves by using old, depleted hydrocarbon wells to store the fuel and hedge against global supply disruption, a senior executive of natural gas company GAIL (India) Ltd said on Friday. The strategic facilities would be built in phases in India's western and northeastern regions with an initial capacity to store three to four billion cubic meters (bcm) of gas, Sumit Kishore, an executive director at GAIL, told reporters at a...
India seeks to build strategic reserves by storing gas in depleted wells
India seeks to build strategic reserves by storing gas in depleted wells
Source: Reuters
2023-11-25 11:04:48 am
Exclusive-India plans to ask ONGC to consider rights issue to fund HPCL -sources India plans to ask state-run Oil and Natural Gas Corp to consider launching a rights issue to help fund green projects at refining arm Hindustan Petroleum Corp, two sources said, an exercise that could raise about $1.9 billion. The comments come after India's finance minister announced a plan this year to provide equity of 300 billion rupees ($3.6 billion) to help the big state oil refiners move towards cleaner energy. The government is weighing options for HPCL, including directly ...
Exclusive-India plans to ask ONGC to consider rights issue to fund HPCL -sources
Exclusive-India plans to ask ONGC to consider rights issue to fund HPCL -sources
Source: Reuters
2023-11-23 04:15:11 pm
Output of eight core industries slows to four-month low of 8.1% in September The output of eight core industries slowed to a four-month low of 8.1 per cent in September 2023 on the back of a high base and a slowdown in seven constituent sectors. In September last year, the core sector output had grown 8.3 per cent. The Eight Core Industries - coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity - comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP). Cement production, having 5.37 p...
Output of eight core industries slows to four-month low of 8.1% in September
Output of eight core industries slows to four-month low of 8.1% in September
Source: Accord Fintech
2023-11-01 12:36:09 pm
India coal inventories drop at fastest pace in two years, boosting imports Coal inventories at Indian power plants in the first half of October fell at their fastest rate in two years, an analysis of government data showed, with electricity demand boosting imports as fuel use outpaced supply.Inventories held by power plants fell by 12.6% to 20.58 million metric tons in the sharpest fortnightly decline since the second half of September 2021. Stocks fell to their lowest level since November 2021.While India's power demand typically peaks during May, unusually dry wea...
India coal inventories drop at fastest pace in two years, boosting imports
India coal inventories drop at fastest pace in two years, boosting imports
Source: Reuters
2023-10-19 09:27:07 am
Quote on Copper, Gold Silver, Crude Oil and Natural Gas By Aamir Makda, Choice Broking Below The Quote On Copper, Gold Silver, Crude Oil and Natural Gas By Aamir Makda Commodity & Currency Analyst, Choice BrokingCOPPER:Copper has traded negatively over the course of the week, posted a weekly decline of more than 1%, and managed to close at 698.15. Copper price has ticked higher slightly in intraday however worries about the prospect were for a long period of high interest rates and weak global economic growth. Chinese data showed exports declined less than expecte...
Quote on Copper, Gold Silver, Crude Oil and Natural Gas By Aamir Makda, Choice Broking
Quote on Copper, Gold Silver, Crude Oil and Natural Gas By Aamir Makda, Choice Broking
Source: Choice Broking
2023-10-17 11:34:49 am
Weekly commodity outlook - Copper, Gold, Silver, Crude Oil and Natural Gas By Choice Broking COPPERCopper prices rose beyond $8,000 in London on Friday evening as the dollar fell, bringing the metal's weekly loss to 2.6%. The final MCX Copper price was 706. The three-month copper contract on the LME finished at $8,044 per metric ton. Markets in China's largest metals consumer will return on Monday following a week-long public holiday, while metals consumers, manufacturers, dealers, and brokers will meet in London for LME Week next week. Copper, which is used in power and buildi...
Weekly commodity outlook - Copper, Gold, Silver, Crude Oil and Natural Gas By Choice Broking
Weekly commodity outlook - Copper, Gold, Silver, Crude Oil and Natural Gas By Choice Broking
Source: Choice Broking
2023-10-07 05:05:36 pm
Core sector growth shoots up to 14-month high in August The growth in output of India's eight core industries rose to a 14-month high of 12.1 per cent in August over the same month of the previous year, according to data released by the government on Friday.The expansion in August is the highest since June 2022, when it was 13.2 per cent. In July, the number stood at 8.4 per cent."The production of all Eight Core Industries (namely, Cement, Coal, Crude Oil, Electricity, Fertilisers, Natural Gas, Refinery Products, and Steel) recorded a positive gr...
Core sector growth shoots up to 14-month high in August
Core sector growth shoots up to 14-month high in August
Source: IANS
2023-09-30 09:20:13 am
Weekly commodity outlook By Aamir Makda, Choice Broking Below the Weekly commodity outlook By Aamir Makda, Currency & Commodity analyst, Choice Broking.COPPER:Copper prices were on course for a weekly loss on Friday due to a strong dollar, large stockpiles, and reduced risk appetite following the announcement by the US Federal Reserve that monetary policy will stay tight for an extended period of time. The final price for MCX Copper stood at 714. At the London Metal Exchange (LME), the three-month copper closed at $8,222 per met...
Weekly commodity outlook By Aamir Makda, Choice Broking
Weekly commodity outlook By Aamir Makda, Choice Broking
Source: Choice Broking
2023-09-25 02:52:43 pm
India`s GAIL seeks LNG cargo for Oct delivery GAIL (India) Ltd has issued a tender to buy one cargo of liquefied natural gas (LNG) for delivery in October, said two industry sources on Thursday.India's largest gas distributor is seeking the cargo for delivery to the Dabhol terminal between Oct. 19-31.The tender will close on Sept. 21.
India`s GAIL seeks LNG cargo for Oct delivery
India`s GAIL seeks LNG cargo for Oct delivery
Source: Reuters
2023-09-21 09:12:13am