Tue, Feb 27, 2024 12:50 PM
Accuracy Shippi Consolidated December 2023 Net Sales at Rs 187.47 crore
A Flip by Shubhangi Gupta
City gas companies like IGL and Adani Total Gas are considering an increase in CNG prices after supplies of cheaper input gas were cut for the 2nd time in a month. However, government officials are demanding that retailers provide a cost breakup to justify the hike. Effective November 16, the government reduced supplies of low-priced natural gas from old fields to city gas retailers by up to 20%.
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The Q2 earnings season for India Inc has shown signs of weakness, with downgrades outnumbering upgrades. Nifty companies reported a 4 percent on year profit growth in Q2, extending its streak for single-digit bottomline growth to the second successive quarter, a first since the pandemic. Incremental growth was driven by five companies--SBI, Hindalco, ONGC, ICICI Bank, and Axis Bank.
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📌F&O can provide protection against short-term price fluctuations, helping to safeguard investments. 📌Diversifying portfolios by investing in energy alternatives- such as natural gas, renewable energy stocks, or even battery metals- can reduce exposure to crude oil volatility. 📌For investors, the key to successfully navigating this volatile market is staying informed and adaptable.
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