Indian Oil, BPCL Fall On Report That They May Buy Stake In GAIL

Gold Silver Reports (GSR) – Indian Oil, BPCL Fall On Report That They May Buy Stake In GAIL — Shares of Indian Oil and Bharat Petroleum fell as much as 4.7 percent and 4.1 percent each respectively as both the companies may buy 26 percent stake each in gas utility GAIL (India) Ltd., paying the government over Rs 20,000 crore each to become integrated energy firms, news agency Press Trust of India reported. 

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Ramco Cements Gains On CLSA Upgrade

Gold Silver Reports (GSR) – Ramco Cements Gains On CLSA Upgrade — Shares of the Chennai-based cement maker rose as much as 3.3 percent to Rs 765 after CLSA upgraded the stock to ‘buy’ from ‘sell’ and raised its target price to Rs 700.  

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GMR Infra Gains After Brokerage Initiates Coverage

Gold Silver Reports (GSR) – GMR Infra Gains After Brokerage Initiates Coverage — Shares of the Bangalore-based infrastructure company rose as much as 2.8 percent to Rs 18.10 after IDBI Capital initiated coverage on the stock with a ‘buy’ for target price of Rs 32, implying a potential upside of 78 percent from its Friday’s closing price.   

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