Prashant Mukherjee

Mar 12, 2024 | economictimes.indiatimes.com | Prashant Mukherjee

India’s oil marketing companies (OMCs) have certainly given their investors some bragging rights. Take for example Indian Oil Corporation (IOC), the largest government-owned oil producer in the country both in terms of capacity and revenue. IOC shares have given nearly 170% returns in the last one year. The stock went from INR70 per share in January 2023 to its recent high of INR197. Similarly, HPCL and BPCL shares have given returns of 138% and

Feb 21, 2024 | economictimes.indiatimes.com | Prashant Mukherjee

Hitachi Energy India is the priciest stock in its sector. At a PE multiple of 250x, it is expensive. But mutual funds and institutions are still its big buyers and believe that Hitachi Energy will benefit directly from India’s GDP growth rate – currently at 7.3%. Reason? The company is in the business of electrification and its main growth drivers are transmissions, renewables, and railways. Hitachi Energy, in its analyst conference call, said

Feb 13, 2024 | economictimes.indiatimes.com | Prashant Mukherjee

India is taking its climate fight to the rooftops. With Prime Minister Narendra Modi announcing a scheme last month to instal solar systems in 10 million homes, the country is trying to quickly reduce its dependence on coal-fired power plants as it marches towards the 2030 target of a non-fossil fuel energy capacity of 500 gigawatt (GW) from 180.79 GW currently. Over the last two years, one in every five photovoltaic (PV) panels installed

Feb 6, 2024 | economictimes.indiatimes.com | Prashant Mukherjee

It came as a surprise New Year gift when the government lowered the price of domestic natural gas for January 2024 to USD7.82 per million British thermal units (mmBtu) from USD8.47 per mmBtu. While this certainly brought a sense of relief for piped natural gas (PNG) and compressed natural gas (CNG) sectors, in a significant move that will cut India’s import bill and save precious forex, the government has managed to decrease natural gas imports

Jan 30, 2024 | economictimes.indiatimes.com | Pravin Palande |Prashant Mukherjee

On January 29, 2024, the stock price of Reliance Industries (RIL) touched its all-time high of INR2,905, up 7%, as foreign investors bought it after a heavy sell-off in HDFC Bank last week. Traders made big money in the options market where call premiums for INR3,000 strike option moved from INR8 to INR49 in a single day. On January 30, the stock was down 2.69% at INR2,818.25 on account of profit-booking. So, why did the stock rally? A sudden