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Oil and Gas stocks edge lower


Oil and Gas stocks were trading in red, with the S&P BSE Oil&Gas index decreasing 24.13 points or 0.16% at 14779.73 at 13:49 IST.
Among the components of the S&P BSE Oil&Gas index, Reliance Industries Ltd (down 0.92%), Castrol India Ltd (down 0.72%),Hindustan Petroleum Corporation Ltd (down 0.6%),Gujarat State Petronet Ltd (down 0.3%),Oil & Natural Gas Corpn Ltd (down 0.19%), were the top losers. Among the other losers were Indraprastha Gas Ltd (down 0.15%), and GAIL (India) Ltd (down 0.04%).
On the other hand, Indian Oil Corporation Ltd (up 0.5%), Bharat Petroleum Corporation Ltd (up 0.28%), and Petronet LNG Ltd (up 0.13%) turned up.
At 13:49 IST, the S&P BSE Sensex was down 51.02 or 0.1% at 49108.3. ....

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Energy shares tumble


Energy stocks were trading with losses, with the S&P BSE Energy index falling 41.13 points or 0.65% at 6238.8 at 13:49 IST.
Among the components of the S&P BSE Energy index, Hindustan Oil Exploration Company Ltd (down 1.76%), Confidence Petroleum India Ltd (down 1.61%),Gujarat Gas Ltd (down 1.51%),Aegis Logistics Ltd (down 0.95%),Reliance Industries Ltd (down 0.92%), were the top losers. Among the other losers were Castrol India Ltd (down 0.72%), Hindustan Petroleum Corporation Ltd (down 0.6%), Selan Explorations Technology Ltd (down 0.42%), and Oil & Natural Gas Corpn Ltd (down 0.19%).
On the other hand, Adani Total Gas Ltd (up 2.72%), Goa Carbon Ltd (up 1.03%), and Mangalore Refinery And Petrochemicals Ltd (up 0.64%) moved up. ....

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Goa Carbon rises after Bilaspur unit resumes operations


Goa Carbon rose 1.86% to Rs 306.60 after the company announced that its Bilaspur unit resumed operations from 3 April 2021.In February 2021, Goa Carbon had temporarily shut down the Bilaspur unit for maintenance work.
Goa Carbon is engaged in the manufacture and sale of calcined petroleum coke. The firm is a supplier to aluminum smelters, graphite electrode and titanium dioxide manufacturers, as well as other users in the metallurgical and chemical industries.
The company reported net loss of Rs 1.31 crore in the quarter ended December 2020 as against net loss of Rs 4.12 crore during the previous quarter ended December 2019. Sales declined 24.03% to Rs 81.20 crore in Q3 FY21 over Q3 FY20. ....

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