Shares of oil and gas companies have rallied on Monday after government has de-regulated the price of diesel and announced a new price for domestically-produced natural gas.
CNX Energy gained over 1.69% led by ONGC which rallied 6.37% followed by BPCL (5.47%), IOC (4.43%), GAIL (2.48%) and Reliance Power (1.95%).
Oil marketing companies such as HPCL, BPCL and IOC would also be the beneficiaries following the new oil and gas reforms.
Symbol | LTP | Chng | % Chng |
CNX ENERGY | 9,314.35 | 155.1 | 1.69 |
ONGC | 422.4 | 25.3 | 6.37 |
BPCL | 703.25 | 36.5 | 5.47 |
IOC | 381.8 | 16.2 | 4.43 |
GAIL | 459 | 11.1 | 2.48 |
RPOWER | 70.75 | 1.35 | 1.95 |
TATAPOWER | 86 | 1.05 | 1.24 |
POWERGRID | 135.5 | 1.4 | 1.04 |
CAIRN | 278.65 | 2.4 | 0.87 |
NTPC | 142.1 | 1.15 | 0.82 |