Indraprastha Gas corrected from highs above 600 levels, may break out from a Triangle pattern with a close above 460-470 levels. Short-term traders can monitor for a move towards 500 levels.
The EV target is to convert 5% of the total fleet to EVs in the next six months. It will reach 50% in three years and 100% in five years. The scheme is applicable to cab aggregators, delivery service providers and e-commerce entities having more than 25 vehicles in their fleet.
Shares of City Gas Distribution (CGD) companies Indraprastha Gas (IGL) and Mahanagar Gas (MGL) tanked up to 11 percent on Friday following the Delhi government s approval of the electric vehicle (EV) policy for cab aggregators and delivery service providers.
PEG ratio is a complex process and comes with its own set of challenges. The challenge with PEG ratio is the quality of the earning forecast and given that in an ever changing macro environment , even the best of the forecast for any business can go wrong which may impact other elements which lead to some unexpected changes. However, even with these challenges, it is worth looking at PEG ratio before taking a long term investment decision.
India VIX was down by 1.41% from 12.39 to 12.22 levels on Tuesday. Volatility moved in its previous days range and resulted in a lackluster move in the indices.