InvestorQ : Why has there been a sharp fall in gas distribution stocks like Indraprastha, Mahanagar Gas and Gujarat Gas?
Priyanka N made post

Why has there been a sharp fall in gas distribution stocks like Indraprastha, Mahanagar Gas and Gujarat Gas?

Answer
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NISHA Nayak answered.
1 year ago


While the news has not been confirmed, it is estimated in the market that the crash in prices happened after the proposal by the government to permit sharing of infrastructure was leaked to the press. Government is planning to permit private players to share the infrastructure of gas distribution created by companies like IGL and MGL in their respective municipalities. This is likely to dent the profitability of these gas companies and that had led to a sharp fall in price in the month of June. However, an official confirmation is awaited.