CGD Stocks Decline:
β’ IGL, Mahanagar Gas, Gujarat Gas stocks fall by 40% in three months.
β’ Challenges include reduced APM gas availability and regulatory impacts.
β’ Elara Capital downgrades ratings and predicts ongoing margin pressures.
City Gas Distribution (CGD) Stocks Drop
β’ CGD stocks, including IGL, MAHGL, and Gujarat Gas, have dropped by 23% to 43% in the past three months.
β’ Challenges include reduced availability of cheapest gas under the domestic administered price mechanism, regulatory plans for third-party access, and inability to transfer rising gas costs to consumers.
β’ Elara Capital raised concerns about the downturn signaling the end for CGD stocks.
β’ Low crude oil prices could worsen concerns about compressed natural gas demand, potentially impacting future growth and profit margins.
@choiceoption
β’ IGL, Mahanagar Gas, Gujarat Gas stocks fall by 40% in three months.
β’ Challenges include reduced APM gas availability and regulatory impacts.
β’ Elara Capital downgrades ratings and predicts ongoing margin pressures.
City Gas Distribution (CGD) Stocks Drop
β’ CGD stocks, including IGL, MAHGL, and Gujarat Gas, have dropped by 23% to 43% in the past three months.
β’ Challenges include reduced availability of cheapest gas under the domestic administered price mechanism, regulatory plans for third-party access, and inability to transfer rising gas costs to consumers.
β’ Elara Capital raised concerns about the downturn signaling the end for CGD stocks.
β’ Low crude oil prices could worsen concerns about compressed natural gas demand, potentially impacting future growth and profit margins.
@choiceoption
