Thu, Feb 8, 2024 6:17 PM
Very difficult to give timeline for ITC stake sale: BAT CEO Tadeu Marroco
A Flip by Shubhangi Gupta
Shares of Mahanagar Gas and Indraprastha Gas fell up to 18% on Monday after the government cut the Administered Price Mechanism (APM) allocation to city gas distribution firms by 20% for the second consecutive month. Mahanagar Gas shares dropped to Rs 1,075, while Indraprastha Gas shares slid to Rs 324.8.The brokerage slashed its target price for MGL by 35% to Rs 1,164.
Open Flip
Gold will rally to a record $3,000 an ounce by December 2025, driven by central-bank buying and US interest rate cuts, according to Goldman Sachs. The analysts cite increased demand from central banks and cyclical lifts from ETF flows as drivers, with potential boosts from trade tensions and US fiscal sustainability concerns.
Open Flip
Vodafone Idea's shares extended its decline to seventh consecutive session What Happened: Vodafone Idea in its Q2 results posted a 17% improvement in net profit to ₹7,175 crore. Its revenue gained 2% from the previous year to ₹10,932 crore. Tariff hikes increased the Customer Average Revenue Per User (ARPU) to ₹166 compared to ₹154 in the first quarter of FY25.
Open Flip
