The main reason for the boom in gas distribution companies was Mahanagar Gas fourth-quarter results after the market closed on Monday evening
Religare Broking is bullish on Bharti Airtel with a price target of Rs 800 per share.
Anand Rathi is bullish on Gujarat Gas with a price target of Rs 664.
Chandan Taparia of Motilal Oswal Financial Services is positive on MTAR Technologies with a target price of Rs 1,530.
Oil and Gas stocks were trading in the negative zone, with the S&P BSE Oil&Gas index falling 166.36 points or 1.04% at 15853.41 at 13:48 IST.
The S&P BSE Small-Cap index was up 165.91 points or 0.84% at 19972.36.