Tue, Oct 03, 2023
Oil and gas stocks were in the spotlight on Dalal Street, as market participants returned to trade on October 3 after a long weekend. While stocks of oil refiners ONGC and Oil India were under pressure owing to the Centre's move to raise a windfall tax on domestically-produced crude oil, shares in gas distributors Gujarat Gas, MGL and IGL were in demand following an increase in natural gas prices.
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Fri, Sep 01, 2023
Gujarat Gas share price: This is the second time in two weeks that Gujarat Gas has hiked industrial gas prices. The current price of Rs 43.33 per standard cubic metre (scm) is 6 per cent higher than the existing rate of Rs 40.83.
Mon, Aug 21, 2023
Why GujaratGas in focus today? Why increased the prices of industrial gas? How much does the company benefit from increasing the price? Know full details in this video
Thu, May 12, 2022
The Indian market continued its downward journey and closed with around half per cent cuts on Wednesday.
Wed, May 11, 2022
Gas stocks in focus: On the back of robust earnings in the fourth quarter of the financial year 2021-22(Q4FY22), gas companies’ stocks – Gujarat Gas Limited and Maharashtra Gas Limited – surged up to 9.5 per cent on the BSE intraday during Wednesday sessions.
Thu, Apr 14, 2022
Oil and gas stocks have been in focus since the geopolitical tensions between Russia and Ukraine erupted.
Wed, Apr 06, 2022
Why are NTPC and Gujarat Gas in focus? What happened in the NTPC-Gujarat gas agreement? Ashish Chaturvedi gives details in this report.
Tue, Apr 05, 2022
The broader markets outperformed the benchmark indices to end positive as both Nifty Midcap 100 and Smallcap 100 closed around 1 per cent higher.
Wed, Nov 24, 2021
Nilesh Jain, who is who is Assistant Vice President (AVP), Equity Research Technical and Derivatives at Centrum Broking picks ONGC, Indian Oil Corporation Limited (IOC) and Gujarat Gas Limited
Fri, Oct 29, 2021
We have collated a list of views from various global brokerage on Lupin, Indigo, Marico, Gujarat Gas, and SBI Cards that came out with results on Thursday.
Tue, Oct 05, 2021
Oil prices climbed on Tuesday, hitting their highest levels in at least three years, extending gains triggered during the previous session after the world’s major oil producers announced they had decided to keep a cap on crude supplies, Reuters reported
Wed, Jun 02, 2021
Trading near a record high level, the shares of Gujarat Gas surged near seven per cent to Rs 576. 60 on the BSE intraday today on the back of strong fourth-quarter results. The company had hit a 52-week high of Rs 580 per share on April 9, 2021.
Mon, Mar 15, 2021
Gujarat Gas has clearly outperformed the peers with 13.8% volume CAGR over FY2016-FY2020 as compared to a 12.7% for IGL and 4.5% for MGL. Even post lockdown in Q1FY21, Gujarat Gas has shown very strong volume growth of 6%/23% yoy in Q2 FY21 / Q3FY21.
Tue, Feb 09, 2021
Gujarat Gas Q3 FY21 EBITDA/APAT was 27/40% above HDFC Securities estimates owing to, higher-than-expected per unit gross margin, 16% higher-than- anticipated volumes at 11.45mmscmd, lower-than-anticipated depreciation and finance cost, offset by a higher than expected tax outgo.
Wed, Dec 09, 2020
Gujarat State Petronet Limited (GSPL), India’s second-largest gas pipeline utility, is likely to see strong traction in gas transmission volumes, led by higher gas offtake (3-5 mmscmd) by revival of stranded gas based power plants. Moreover, the start of the Ramagundam fertiliser plant and GSPC’s LNG contract for 7 cargos could add 4 mmscmd to gas transmission volumes. Robust growth for the city-gas distribution (CGD) space is expected to sustain amid low domestic gas prices and regulatory push to curb pollution.
Wed, Jul 31, 2019
Brokerage Edelweiss said that ACC is likely to be the biggest beneficiary of a) the step-up in supplies by Coal India Ltd (CIL) to non-power sectors.
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