News for Gujarat State Petronet Limited (GSPL.BO)

Buzzing Stocks Today, Stocks that will see action today: 7 February, 2025 - ITC, Agro Tech Foods, Fortis Healthcare, NTPC Green, Autobindo Pharma, Meson Valves, Solar Industries, Petront LNG, HG Infra, BSE, Zomato, Tata Power, Dr Reddy’s Lab, Mahindra Logistics, Asian Paints

Buzzing stocks, stocks to watch: Bharti Airtel, Kalpataru, Wockhardt, IEX, Polycab, Innova Captab, KIMS, Sterling Tools, M&M, NHPC, SAIL, Ircon, Va Tech Wabag, Bajaj Electrical

Benchmark index Nifty50 reached an all-time high for the fourth straight session, driven by gains in IT and financial stocks, while also marking its 13th session of the rally. Key stocks like Bajaj Finserv and HCL Tech rose notably. Nifty FMCG and Nifty IT sectors saw gains, although midcap and smallcap indices dropped by around 0.3%.

GSPL share price: GSPL moved higher by 6 per cent to hit a new high of Rs 469.60, bouncing back 13 per cent from its intraday low on Monday

Gujarat Gas, GSPL, MGL, IGL and Petronet LNG: Trading strategies for gas-related stocks as Gujarat Gas announces biz restructuring plan. Find out which stock look stronger on charts here.

Gujarat State Petroleum Corporation, GSPC Energy, and Gujarat State Petronet will be merged into Gujarat Gas.

Gujarat Gas Share Price: Under the restructuring, the merger of GSPC with GGL will witness an issuance of 10 equity shares of GGL for every 305 shares of GSPC held by the shareholders while under the merger of GSPL with GGL, 10 shares of GGL will be issued against every 13 shares of GSPL held.

Brokerages see an upside of up to 23 per cent in Gujarat Gas stock as they believe that the restructuring of these Gujarat companies will simplify the existing layered structure.

Stock including Firstcry, NBCC, Gujarat Gas, NHPC, RailTel, Siemens, Emami, Biocon, SJVN, auto counter and more may remain under the spotlight before the opening bell on Friday, September 02.

Sales of Royal Enfield motorcycles fell 5 per cent to 73,629 units in August 2024, compared to 77,583 units in the year ago period. Meanwhile, their exports dropped 2 per cent to 8,006 units YoY: Stocks to watch

As part of this restructuring, GGL’s Gas Transmission Business will be demerged and listed separately as GSPL Transmission Limited (GTL) on stock exchanges. The scheme also outlines specific shareholding arrangements for current shareholders of GSPL and GSPC.

Gujarat State Petronet Ltd. announced on Friday a restructuring plan to simplify its corporate structure. Following the restructuring, the company will operate through two main entities: Gujarat Gas Ltd. and GSPL Transmission Ltd. The restructuring is subject to approval from the Ministry of Corporate Affairs, the National Stock Exchange of India, the BSE, shareholders, and creditors, according to an exchange filing.

Indian stock markets gain momentum with top gainers like JM Financial and Caplin Point Laboratories, showing broad-based participation.

Out of the 2,667 stocks traded on the NSE, 1,478 advanced, while 1,111 declined, and 78 remained unchanged during the intra-day deals on Monday: Mid-market update

Sensex, Nifty updates on 09 May 2024: Benchmark equity indices Sensex and Nifty tumbled about 1.5 per cent on Thursday amid heavy foreign fund outflows and selling in HDFC Bank, Larsen & Toubro and Reliance Industries. Declining for the third day running, the BSE Sensex dropped 1,062.22 points or 1.45 per cent to settle at 72,404.17. During the day, it tanked 1,132.21 points or 1.54 per cent to 72,334.18. The NSE Nifty dived 345 points or 1.55 per cent to 21,957.50. During the day, it tumbled 370.1 points or 1.65 per cent to 21,932.40. From the Sensex basket, Larsen & Toubro tanked over 5 per cent after March quarter earnings. Asian Paints, JSW Steel, ITC, Bajaj Finance, IndusInd Bank, Tata Steel, NTPC, Bajaj Finserv, HDFC Bank, Reliance Industries and Power Grid were among the laggards. In contrast, Tata Motors, Mahindra & Mahindra, State Bank of India, Infosys and HCL Tech were the gainers.

The quarterly earnings season commenced in the second week of April and remains ongoing, with more than 260 companies slated to announce their fourth-quarter earnings throughout this week.

Stocks to watch: Check out the companies making headlines before the opening bell today, on February 15, 2024.

Q3 Results Today: Mahindra & Mahindra, NMDC, Muthoot Finance, The Fertilisers and Chemicals Travancore, Gland Pharma, Sun TV Network, Aditya Birla Fashion, and Retail, Glenmark Pharmaceuticals are among the top companies scheduled to release their quarter 3 2024 results on February 14

Stocks to watch: Check out the companies making headlines before the opening bell today, on February 14, 2024.