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City gas distributor shares trade weak; IGL, MGL, Gujarat Gas down up to 6%

On the cost front, CGD companies are expected to incur high gas sourcing costs as spot liquefied natural gas (LNG) prices continue to remain at elevated levels.

Topics
Buzzing stocks | City Gas Distribution | IGL

SI Reporter  |  Mumbai 



gas, gas price
gas, gas price

Shares of (CGD) companies were under pressure in an otherwise firm market on expectation of weak earnings. Indraprastha Gas (IGL), (MGL) and Gujarat Gas were down in the range of 5 per cent to 6 per cent on the BSE on Friday. In comparison, the S&P BSE Sensex was up 0.50 per cent at 57,801 points at 11:10 AM.

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First Published: Fri, April 29 2022. 11:38 IST

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