City gas distribution stocks in focus: IGL, MGL, Gujarat Gas up 4%

Analysts expects overall gas demand from the CNG and DPNG sectors to grow at 15.7 per cent CAGR over FY22-27 supported by aggressive expansion in infrastructure.

oil, gas, offshore, drill, high, petrol, crude, biding, fields
Premium

SI Reporter New Delhi
Shares of City Gas Distribution (CGDs) companies were in focus in Tuesday's intra-day trade as they gained up to 4 per cent in an otherwise subdued market.

At 11:04 am, shares of Mahanagar Gas (MGL), Indraprastha Gas (IGL) and Gujarat Gas Company were up 4 per cent. In comparison, the S&P BSE Sensex was down 0.16 per cent at 57,056 points.

In the past three months, these stocks have rallied in the range of 8 per cent to 18 per cent, as compared to 8 per cent gain in the S&P BSE Sensex. However, in the past one

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 27 2022 | 11:38 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com