Mahanagar Gas, IGL and MGL shares
IGL, Mahanagar Gas shares crash up to 15% - Here's why
Shares of city gas distribution (CGD) companies - Indraprastha Gas Ltd (IGL) and Mahanagar Gas Ltd (MGL), crashed by up to 15 per cent. Read on to know what triggered this sharp price correction.
IGL, MGL shares fall up to 13% post profitability warning: Will the sector see a de-rating?
As city gas distributor companies' reliance on market-linked gas reaches 50% and continues to increase, they may have to prioritise maintaining margins over pursuing volume growth. This situation could lead to a derating of the sector,
Why MGL, IGL shares plunged 12-15% but Gujarat Gas stock stayed unfazed
Antique Stock Broking said the probability of CGDs getting impacted is likely to be a structural outcome. The fresh development, over five years, would imply APM allocation would be down to zero.
State-Owned City Gas Cos IGL, MGL & Gujarat Gas Share Price Plummet Amid Likely Gas Allocation Cuts
The shares of major city gas distribution (CGD) companies, including Indraprastha Gas Limited (IGL) and Mahanagar Gas Limited (MGL), saw significant declines of up to 15% on October 18 following the governments announcement of a sharp reduction in priority gas allocation to CGDs.
MGL, IGL stocks tank up to 14%; Why are CGD shares falling in trade today?
APM gas allocation cut by around 20% for CNG segment will have an adverse impact on the profitability of MGL and IGL
IGL, MGL shares plunge up to 15% today. Here's why
MGL's stock plummeted 11%, reaching a low of Rs 1,568.30, while IGL experienced a 10% drop, closing at Rs 453.70 on the Bombay Stock Exchange as of latest update.
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Mahanagar Gas faces 20% cut in CNG transport allocation, explores alternative sources
City gas distributor Mahanagar Gas Ltd on Thursday (October 17) said it has encountered a setback following a recent ...
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Gas Supply Cuts Hit Indraprastha and Mahanagar Shares
Shares of Indraprastha Gas Ltd and Mahanagar Gas Ltd fell over 10% after domestic gas supplies were slashed. The reduction ...
Gas distributors IGL, MGL likely to raise CNG prices following 20% APM cut
Mahanagar Gas and Indraprastha Gas may raise prices of compressed natural gas by up to Rs 6 per litre. Meanwhile, their ...
IGL, MGL fear lower gas allocation will adversely impact profitability
Shares of major city gas suppliers IGL, MGL and Gujarat Gas were all under selling pressure in trade, after reports of a ...
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Indraprastha Gas, Mahanagar Gas Share Prices Lowest Since June As GAIL Cuts Domestic Gas Allocation
The revised domestic gas allocation to Indraprastha Gas is approximately 21% lesser than previous allocation, it said.
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Indraprastha Gas, Mahanagar Gas Shares Slump Over 10% on Gas Supply Cut
Indraprastha Gas and Mahanagar Gas shares fell over 10% after the government slashed gas supply, forcing them to rely on ...