News for Indraprastha Gas Limited (IGL.BO)

Shares of HPCL surged as much as 5.1%, while IGL and GAIL India stocks rallied over 2% as Brent crude prices dropped for the 3rd straight session.

Leading brokerages have recently shared their investment recommendations on several prominent Indian companies, highlighting significant upside potential across diverse sectors for the next 12 months.We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Brokerage Recommendations

Brokerage firms have maintained a positive outlook on select stocks, highlighting strong growth potential and attractive valuations for the next 12 months.We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Brokerage Recommendations

In January, mutual funds bought stocks worth Rs 575 billion in India's secondary market, with key additions in Axis Bank, HDFC Bank, and ICICI Bank. Major reductions were seen in Reliance Industries, ITC, and Bharat Electronics. Notable entries included Adani Wilmar in mid-cap and AXISCADES Technologies in small-cap. Mutual funds actively managed their portfolios, focusing on large, mid, and small-cap stocks.

Stocks including L&T, JSW Steel, Wipro, Bank of Baroda, Biocon, Torrent Power, PB Fintech, Kalyan Jewellers and more will be in the spotlight on Friday, January 31.

The record date is determined by the company to identify shareholders eligible for an offer. To qualify for a buyback, bonus issue, or stock split, shares must be held in the demat account on the record date.

Jefferies' optimism regarding IGL's future performance is underscored by notable increases in its earnings per share (EPS) forecasts. The brokerage has raised its EPS estimates for fiscal years 2026 and 2027 by 52% and 55%, respectively, pointing to robust anticipated profit growth.

The GIFT Nifty was trading near 22,900 in early trade Tuesday. Coal India Ltd., Indraprastha Gas Ltd., Kaynes Technology India Ltd. share prices are likely to react because of their latest earning releases. The GIFT Nifty was trading 0.06% or 14 points higher at 22,934.50 as of 6:43 a.m.

Stocks including ICICI Bank, JSW Steel, YES Bank, InterGlobe Aviation, NTPC Green Energy, Mazagon Dock, NTPC & Religare Enterprises and more will be in the spotlight on Monday, January 27.

Buzzing stocks, stocks to watch: Religare Enterprises, Bajaj Finance, YES Bank, ICICI Bank, NTPC, Ceigall, TVS Motor, Happy Forgings, Adani Wilmar, DroneAcharya, LTIMindtree, Spencer’s Retail, Solex Energy, Max Estates, Suzlon, Torrent Power, Arvind SmartSpaces

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IGL share price: The scrip traded lower than the 5-day, 100-, 150-day and 200-day simple moving averages (SMAs) but higher than the 10-day, 20-, 30-day and 50-day SMAs. The stock's 14-day relative strength index (RSI) came at 55.74. A level below 30 is defined as oversold while a value above 70 is considered overbought.

Equity benchmarks rebounded, led by oil and gas stocks, as ONGC surged and market breadth remained positive.

As regards mid-caps and small-caps, analysts suggest investors buy only those stocks of those companies where there is earnings visibility for at least a few quarters and where the valuations have become reasonable.

INDIA-STOCKS:Financials, IT drive Indian shares higher ahead of cenbank policy decision

Indraprastha Gas Limited (IGL) plans bonus share issuance, with board meeting on December 10, 2024. Trading window closed.

Buzzing stocks, stocks to watch today: ICICI Bank, Ratnamani Metals, Vodafone Idea, Indus Towers, L&T, Mastek, Bondada Engineering, Suraj Estate, HT Media, Technopack Polymers, Vimta Lab, Dynamic Services, Indraprastha Gas, Bharat Forge

Seven stocks, including Aarti Industries and Adani Enterprises, faced trading restrictions on Monday as their open interest exceeded market limits. Despite a previous day decline, Indian equity markets rebounded strongly on Friday, driven by gains in IT and banking sectors, with Reliance Industries playing a significant role.

Indian stock markets closed lower on Monday, dragged down by IT stocks after Federal Reserve Chair Jerome Powell hinted at delayed interest rate cuts due to strong U.S. economic growth. The Sensex fell 241 points, while the Nifty slid 79 points. Tech companies like TCS and Infosys were among the top losers.