Everest Kanto shares jump on diesel vehicle sales ban in Delhi

Reuters Updated - January 22, 2018 at 01:08 PM.

Shares of Everest Kanto jumped in morning trade on Wednesday after the Supreme Court today said Delhi taxis will have to replace diesel with CNG.

CNG cylinder maker Everest Kanto surged 15.50 per cent to Rs 15.20 on the BSE at 11.50 am.

Everest Kanto rose 13.9 per cent on Tuesday.

The Supreme Court today slapped a temporary ban on luxury diesel car sales in Delhi.

Other measures in the Supreme Court order with longer-range ambitions include a demand for all taxis in the capital to replace diesel with natural gas.

India gas stocks are the top gainers on the BSE as they are seen as key anti-pollution plays.

Published on December 16, 2015 06:27