Why are IGL, Mahanagar Gas, Gujarat Gas shares rising from intraday lows? EXPLAINED
2 months, 4 weeks ago

Why are IGL, Mahanagar Gas, Gujarat Gas shares rising from intraday lows? EXPLAINED

Live Mint  

Shares of City Gas Distribution companies such as Indraprastha Gas, Mahanagar Gas and Gujarat Gas recovered from day’s low levels and rallied up to 6% on Friday. The government has directed Oil & Natural Gas Corporation and GAIL India to allocate LPG shrinkage to these CGD companies in a phased manner, according to a report by CNBC-TV18. As per a circular dated December 31, 2024, GAIL India has been instructed not to reduce gas allocations to CGD companies without prior approval from the Ministry of Petroleum and Natural Gas. At 2:25, Indraprastha Gas shares were trading 4.36% higher at ₹445.50 apiece, Mahanagar Gas shares were up 1.76% at ₹1,318.90, while Gujarat Gas stock price was up 1.36% at ₹514.90 apiece on the BSE.

History of this topic

ONGC share price declines 3% post Q3 results & ahead of Nirmala Sitharaman’s budget 2025: Do you own?
1 month, 4 weeks ago
Mahanagar Gas Q3 Results 2025 on 29 Jan, 2025: profit falls by 30.25% YOY, profit at ₹221.24 crore and revenue at ₹2031.51 crore
Trending News
2 months ago
IGL Q3 Update: State-owned natural gas supplier to declare Oct-Dec quarter results on THIS date
2 months, 1 week ago
Government partially restores gas supply to IGL, Adani Total; here’s why
2 months, 2 weeks ago
Maharashtra Natural Gas IPO: BPCL board approves ₹1,000 crore public issue of JV company
2 months, 3 weeks ago
Oil India, ONGC shares jump 5% today. What's fuelling the rally?
2 months, 4 weeks ago
City gas distribution stocks climb the wall of worry
3 months, 1 week ago
ONGC, Oil India, Reliance share price rise: Upsteam oil producers to benefit most from windfall tax being scrapped
3 months, 4 weeks ago
Indian Oil Corporation Share Price Today on 28-11-2024: Indian Oil Corporation share price are up by 0.04%, Nifty down by -0.78%
4 months ago
Coal India Share Price Today on 27-11-2024: Coal India share price are up by 0.86%, Nifty up by 0.02%
4 months ago
Indian Oil Corporation Share Price Today on 27-11-2024: Indian Oil Corporation share price are down by -0.88%, Nifty down by -0.01%
4 months ago
Indian Oil Corporation Share Price Today on 25-11-2024: Indian Oil Corporation share price are up by 3.7%, Nifty up by 1.72%
4 months ago
Coal India Share Price Today on 25-11-2024: Coal India share price are up by 2.85%, Nifty up by 1.73%
4 months ago
Indian Oil Corporation Share Price Today on 22-11-2024: Indian Oil Corporation share price are up by 1.26%, Nifty up by 1.15%
4 months, 1 week ago
IGL, Mahanagar Gas, Gujarat Gas stocks fall up to 40% in three months. What lies ahead for these CGD Stocks?
4 months, 1 week ago
Indraprastha Gas and Mahanagar Gas face perils of policy controls
4 months, 1 week ago
MGL, IGL & other CGD stocks plunge up to 15% after cut in priority gas allocation
4 months, 1 week ago
Indian Oil Corporation Share Price Today on 12-11-2024: Indian Oil Corporation share price are down by -0.43%, Nifty down by -1.07%
Trending News
4 months, 2 weeks ago
Indian Oil Corporation Share Price Today on 08-11-2024: Indian Oil Corporation share price are down by -2.64%, Nifty down by -0.21%
4 months, 3 weeks ago
Gujarat Gas Company Q2 Results Live: Profit Rise by 4.22% YOY
4 months, 3 weeks ago
GAIL share price surges 7% on Q2 boost; up 59% in last 1 year
4 months, 3 weeks ago
Coal India Share Price Today on 05-11-2024: Coal India share price are down by -1.83%, Nifty up by 0.91%
4 months, 3 weeks ago
Coal India Shares Trading Slightly Up, but Nifty Down
5 months ago
Indian Oil Corporation Shares See a Price Bump, but Technical Indicators Remain Cautious
Trending News
5 months ago
Coal India Stock Price Today: Up 1.66%, Nifty Down 0.11%
5 months ago
Indian Oil Corporation Shares See a Price Bump, But Technical Indicators Remain Cautious
Trending News
5 months ago
Indian Oil Corporation Shares Trading Below Technical and Fundamental Support Levels
Trending News
5 months, 1 week ago
Gujarat Gas Company Q1 Results Live : profit rise by 53.14% YOY
7 months, 3 weeks ago
Gujarat Gas, GAIL, and Petronet LNG stocks may gain if natural gas is included in GST
9 months, 2 weeks ago
ONGC, BPCL rise up to 4%, Nifty oil & Gas index up to 1.5%: 4 key risks and opportunities in the sector
11 months, 2 weeks ago
GAIL slashes prices of CNG across 20 cities
1 year ago
CNG prices reduced by ₹2.50 in Delhi-NCR. Check new rates
1 year ago
Mahanagar Gas shares fall most in four years: 2 major reasons behind decline. Will it continue?
1 year ago
CNG prices reduced in Mumbai by Mahanagar Gas. Check new rate here
1 year ago
CNG prices reduced in Delhi-NCR. Check new rates in Noida, Ghaziabad, other regions
1 year ago
Indraprastha Gas Plummets 10% As Jeffries Downgrades Stock On Delhi EV Policy
1 year, 5 months ago
MGL slashes CNG prices in Mumbai, Check new rates here
1 year, 5 months ago
Gujarat Gas top pick in City Gas Distribution space: Motilal Oswal
1 year, 6 months ago
Gujarat Gas Q4 Results: Net profit falls 16% to ₹369 crore, dividend declared
1 year, 10 months ago
New pricing to benefit gas distributors
1 year, 11 months ago
CNG, PNG prices drop, which oil and gas stocks to buy?
1 year, 11 months ago
GAIL Gas cuts CNG, PNG prices after IGL, MGL; check revised prices here
1 year, 11 months ago
CNG, piped cooking gas price cut by up to ₹6 in Delhi
1 year, 11 months ago
MGL slashes CNG price by ₹8, PNG by ₹5 in city
1 year, 11 months ago
Mahanagar Gas Limited reduces CNG price by ₹8 per kilogram
1 year, 11 months ago
IGL hikes CNG prices in Delhi-NCR, other cities | Check latest rates
2 years, 3 months ago
PNG price hike: IGL increases rates by upto Rs 56.23 | CHECK REVISED RATES in your city
2 years, 7 months ago
CNG Prices Hiked by Rs 2 In Delhi, Noida, Gurugram; Rates Revised In Other Cities; Check Details
2 years, 10 months ago
IGL price hike in Delhi: CNG to cost ₹71.61/kg, piped cooking gas ₹45.86
2 years, 10 months ago

Discover Related