Shares of Power Finance Corporation Ltd and Rural Electrification Corporation Ltd were on lower circuit in trade Thursday ahead of the Cabinet meeting today to consider the merger deal of the companies.
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Oil prices have corrected by more than five times in the last one month. This comes as an enormous relief for companies who were hit by a powerful effect of rising crude oil along with a falling rupee
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This development seems to excite investors as the stock Adani Gas Limited trade higher about 20% on bourses (NSE and BSE).
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City Gas Distribution developer Adani Gas Limited that was demerged from Adani Enterprises Limited earlier this year, has been listed at Rs 72 per share on the National Stock Exchange (NSE) today.
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