Seven of India Inc's leading decision-makers, who have themselves reimagined their businesses successfully many times, met virtually to select the winners
The broader markets, however, bucked the trend and ended higher today. The S&P BSE MidCap and SmallCap indices added 0.7 per cent and 0.4 per cent, respectively at close
The company's gas sales volume has shown a robust recovery post lockdown
The draft regulations requires the CGD players to provide third-party access at regulated tariffs
The oil and gas firm posted a consolidated net profit of Rs 59.07 crore, down 74.76 per cent YoY. The net profit margin in Q1FY21, meanwhile, came in at 5.33%, clocking a de-growth of 3.43%
The firm has been permitted to take over activities of laying, building, operating or expanding CGD network of Amritsar District GA and Bhatinda District GA
The new price for domestic natural gas is the lowest in six years since the Narendra Modi government introduced the new pricing formula in November 2014
Subdued gas prices will benefit IGL and MGL too, the two companies that have seen their share prices correct on fears of rising competition
Technical calls from Vinay Rajani, Technical & Derivatives Analyst, HDFC securities.
Crisil believes Gujarat Gas will continue to depict a steady growth in operating performance, backed by healthy volume growth and stable realisation levels.
While strong demand is driving volumes, low natural gas prices bode well for profitability
On the NNSE, the stock was trading close to its 52-week high level of Rs 194 touched on June 3, 2019
Gujarat Gas rallied 17% at Rs 157 on back of heavy volumes as the stock turned ex-stock split in the ratio of 1:5 with effect from Tuesday.
Analysts say that GSPC can look at selling its other businesses
Continued weakness in industrial volumes likely to offset lower gas prices and keep stock in check
Continued weakness in industrial volumes is likely to negate the positive impact of lower domestic gas price and keep the stock under check
Stock up 6% to Rs 560 in intra-day trade after the company reported increase in profit to Rs 72 cr in Q2FY17 from Rs 28 crore a year ago
The stock was up 3% at Rs 559 on the BSE.
The stock rallied 10% to Rs 575 on the BSE in early morning trade.