Home / Markets / News / Gas stocks in focus: MGL, IGL may zoom up to 16%; Gujarat Gas faces hurdle

Gas stocks in focus: MGL, IGL may zoom up to 16%; Gujarat Gas faces hurdle

The Oil Ministry has directed to divert natural gas from industries to city distribution companies to cool-off the elevated domestic gas prices

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Indraprastha Gas was the top gainer surging over 6 per cent, followed by Mahanagar Gas and Gujarat Gas, which spiked 4 per cent each.

Avdhut Bagkar Mumbai

3 min read Last Updated : Aug 12 2022 | 12:36 PM IST

Domestic gas operators such as Indraprastha Gas and Mahanagar Gas surged in Friday's intra-day trade after the Oil Ministry directed to divert natural gas from industries to city distribution companies to cool-off the elevated domestic gas prices.

Among individual stocks, Indraprastha Gas was the top gainer as it soared over 6 per cent. Meanwhile, Mahanagar Gas and Gujarat Gas spiked 4 per cent each. Industry related gas stocks including Adani Total Gas and Petronet LNG, too, were up 2-3 per cent.

Amid the Ukraine-Russia war, CNG and piped cooking gas prices have spiralled up to 70 per cent on the back of

Topics : IGL Mahanagar Gas City Gas Distribution

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