Meanwhile, Adani Total Gas established the first EV charging station in Ahmedabad. Shares rose 2 percent, extending the rally to a ninth straight day. That jumped 34 percent in that period.
which was listed in February became a multibagger on Monday and hit all the time. The price of oil, especially sunflower oil, has skyrocketed due to the war in Ukraine, and this is likely to benefit companies that have enough inventory to cover supplies for several months, as per the company. The stock also rose for a ninth session on Monday, extending its rally to 47 percent.
Energy stocks are bleeding
Energy stocks were in the red on Tuesday as crude oil prices rose sharply in international markets thanks to the implementation of lockdowns in major cities in China. , which explores and digs oil wells, closed down more than 3 percent as the fall in prices will affect its revenues.
Meanwhile, stocks of oil market companies also closed in the red as they have been on a consistent rise in the last 7-8 days, taking petrol prices in the national capital over Rs 100 per litre. This, while it will help them replenish their losses, it can also reduce demand.
fell more than 1 percent, close to the percent that finished 0.35 percent lower.
PNC Infratech said it has been declared as the L1 (lowest) bidder for NHAI projects in South and West India. The project is worth Rs 1,575 crore, the company said.
The work consists of the construction of 6 lanes with controlled greenfield toll road access from km 26,000 to km 97,000, MH / KN Border (Badadal) to Maradgi S Andola section of NH – 150C (Package-II Akkalkot to KN / TS Border section) in Hybrid Mode Annuity.
The project will be built in 30 months and operated for 15 years after construction.
Shares spiked 5 percent after the announcement.