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Why are gas stocks on high octane?
The main reason for the boom in gas distribution companies was Mahanagar Gas fourth-quarter results after the market closed on Monday evening
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These stocks have taken a hit due to 62% hike in gas prices
As new rates kick in, gas produced from fields given to state-owned ONGC and OIL will be $2.90 per million BTU for the six-month period starting Oct 1
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Mahanagar Gas shares jump after robust Q1 performance
Shares of Mahanagar Gas jumped 4.19% to Rs 1,166.1 after the PSU company reported a 351% jump in net profit to Rs 204.08 crore.
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What to buy in this market? CLSA sees green shoots in this sector
CLSA said that there are early signs of reversal in this sector after years of decline.
