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Mahanagar Gas Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 8134.84 Crore) operating in Gas & Petroleum sector.

"A global recession need not necessarily impact the local growth. In fact some amount of cautiousness globally bodes well for a country like India, which is a commodity consumer. So, as long as crude and metal prices remain in check, it is good for India ."

This is a huge industry, worth Rs 9.5 lakh crore, and you have various segments which are expected to sort of keep delivering double-digit kind of growth, Pandey told ET Now.While the business prospects are strong, some stocks such as Blue Dart Express are trading at high valuations, Pandey said, highlighting it as a reason for not tweaking the price target.

Prashant Jain, Joint Managing Director and CEO of JSW Energy, said “We are excited to actively participate in the strong prospects of Hydro PSPs in sustainably solving the problem of intermittency of renewable power. In continuation to our target to achieve 10GW of Hydro PSP capacity, we are pleased to have signed a second MoU with the Government of Maharashtra.”

“This is in stark contrast to the position that India faced in 2013 where a far more modest monetary tightening by the Federal Reserve, relative to what we are currently witnessing, sent the rupee tumbling from Rs 54/$ to Rs 62/$ in the space of six months. Such a currency meltdown is highly unlikely now largely because of India’s improved energy efficiency,” said the Rs 13,000 crore fund manager of Marcellus PMS.

Promoters held 14.72 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 23.76 per cent and 28.0 per cent, respectively.

On the technical charts, the 200-day moving average of the stock stood at Rs 391.35.

A total of 65,389 shares changed hands on the counter till 02:05PM (IST)

The stock quoted a 52-week high price of Rs 1723.65 and a 52-week low of Rs 1375.55.

D-Mart continued its healthy store additions. It added eight stores in 2QFY23, taking its total count to 302. It has added 18 out of a total of 40 stores factored in FY23, said the brokerage which has a neutral view on the stock.