According to Jefferies, with 50 percent of Morbi investing in propane/LPG capacity and outlook on spot LNG prices firm, it sees a structural drag on Gujarat Gas's pricing power, margin outlook and volume growth in the medium term

Motilal Oswal is bullish on Gujarat Gas recommended buy rating on the stock with a target price of Rs 679 in its research report dated January 11, 2022.

In the cash market, Gujarat Gas was trading about a percent down at Rs 464. The stock has lost 11 percent in the past month and has closed in the red in four of the last five sessions

Gujarat Gas, incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 32120.28 Crore) operating in Gas & Petroleum sector.

Gujarat Gas, incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 33380.04 Crore) operating in Gas & Petroleum sector.

Promoters held 60.89 per cent stake in the company as of 30-Jun-2022, while FIIs owned 5.18 per cent, DIIs 10.01 per cent.

Promoters held 60.89 per cent stake in the company as of 30-Jun-2022, while FIIs owned 5.18 per cent, DIIs 10.01 per cent.

I believe that 42500-42000 levels can be tested in the coming few trading sessions which is a support provided by its 50 DMA. We will witness some sort of a pullback rally from there onwards.

Gujarat Gas, incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 35214.60 Crore) operating in Gas & Petroleum sector.

The Indian market has opened on a weak note today. We have collated stocks from various experts for traders who have a short-term trading horizon

In addition to the absolute relief of $2/mmbtu in FY24 (vs Oct 2022 price), the pricing direction announced for the next few years (i.e., escalation of $0.5/mmbtu annually), provides the much-needed visibility and clarity on priority sector gas costs for CGDs, believe experts.

ICICI Direct recommended hold rating on Gujarat Gas with a target price of Rs 550 in its research report dated November 15, 2022.

Gujarat Gas Ltd. key Products/Revenue Segments include Gas Natural and Other Operating Revenue for the year ending 31-Mar-2022.

Gujarat Gas Ltd., incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 34650.12 Crore) operating in Gas & Petroleum sector.

A committee is expected to propose a formula that helps reduce prices for the priority sector by about $2/mmBtu or so, bringing the price down to $7/mmBtu from more than $9.2/mmBtu now.

A committee is expected to propose a formula that helps reduce prices for the priority sector by about $2/mmBtu or so, bringing the price down to $7/mmBtu from more than $9.2/mmBtu now.

Bonus shares will be issued out of credit of the share premium account of the company available on the basis of audited financial statements as of 30th September, 2022," added the company's filing.For the investor know-how, the company said bonus shares will be credited within two months from the date of board approval i.e. by January 18, 2023.

Motilal Oswal is bullish on Gujarat Gas recommended buy rating on the stock with a target price of Rs 583 in its research report dated November 10, 2022.

Sobha rallied 3 percent to Rs 652 and formed healthy bullish candle on the daily charts for yet another session with above average volumes. The stock has been making higher high higher lows formation for third straight session.

GSPLs 2Q EBITDA of Rs 333.8 crore ( down 7% QoQ) was 2% ahead of Kotak Institutional Equities estimates. With high gas prices, and also shortfall, the gas supplies to each key segment (except fertiliser) have declined—the worst impacted being the power sector and I&C demand for CGDs (Morbi area, particularly).

Emkay Global Financial recommended hold rating on Gujarat Gas with a target price of Rs 520 in its research report dated November 11, 2022.

Prabhudas Lilladher recommended hold rating on Gujarat Gas with a target price of Rs 530 in its research report dated November 10, 2022.

Gujarat Gas Ltd., incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 33524.60 Crore) operating in Gas & Petroleum sector.

Asian share markets were tense on Thursday and the dollar held on to its overnight gains before the big test of a US consumer inflation report, while market sentiment took a dive as the likely collapse of a major crypto exchange spooked investors. MSCI's index of Asia-Pacific shares outside Japan was trading 0.97% lower

MCX India has witnessed a breakout of a bullish double bottom pattern formation on the longer time frame while on the daily chart; it has given a breakout of a bullish Inverse Head & Shoulder pattern with huge volume.

Gujarat Gas Ltd., incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 33744.88 Crore) operating in Gas & Petroleum sector.

Gujarat Gas Ltd., incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 34261.18 Crore) operating in Gas & Petroleum sector.

The highest target for ONGC goes up to Rs 240, according to Trendlyne data. The average estimate of Rs 171 shows an upside potential of around 29 per cent from current prices. Out of 23 analysts covering the stock, two have buy and strong sell ratings, while 12 have strong buy ratings.

On Friday, prices of natural gas were hiked by a steep 40 per cent to record levels, in sync with the strong energy rates globally.