Gujarat Gas Limited (NSE:GUJGASLTD)
India
· Delayed Price · Currency is INR | Market Cap | 279.00B |
| Revenue (ttm) | 165.19B |
| Net Income (ttm) | 12.71B |
| Shares Out | 688.39M |
| EPS (ttm) | 18.46 |
| PE Ratio | 21.96 |
| Forward PE | 20.37 |
| Dividend | 5.66 (1.40%) |
| Ex-Dividend Date | Sep 9, 2024 |
| Volume | 647,568 |
| Average Volume | 844,293 |
| Open | 400.55 |
| Previous Close | 400.55 |
| Day's Range | 400.55 - 411.95 |
| 52-Week Range | 385.10 - 689.95 |
| Beta | 0.49 |
| RSI | 32.03 |
| Earnings Date | Feb 5, 2025 |
About Gujarat Gas
Gujarat Gas Limited engages in the distribution of natural gas in India. It operates a network of approximately 41,700 kilometers of natural gas pipeline and 820 compressed natural gas (CNG) stations. The company supplies piped natural gas to approximately 21.90 lakh households, approximately 15,470 commercial customers; and approximately 4,410 industrial customers, as well as operates 820 CNG stations. It operates in the states of Gujarat, Maharashtra, Punjab, Madhya Pradesh, Rajasthan, and Haryana; and 1 union territory of Dadra and Nagar Hav... [Read more]
Financial Performance
In 2023, Gujarat Gas's revenue was 156.90 billion, a decrease of -6.38% compared to the previous year's 167.59 billion. Earnings were 11.44 billion, a decrease of -25.17%.
Financial StatementsNews
Gujarat Gas shares fall 3% as Q3 net profit remains flat
Gujarat Gas shares fall 3% as company announced its third-quarter fiscal year 2025 results, revealing a mixed performance. Net profit remained essentially unchanged at ₹221 crore compared to the same ...
Morgan Stanley remains overweight on Gujarat Gas despite margin pressures and sluggish volume growth
Morgan Stanley maintained its ‘Overweight’ rating on Gujarat Gas, with a target price of Rs 614, despite the company missing estimates on volume growth and margins. The brokerage noted that the compan...
Raj Kumar resigns as chairman of Gujarat Gas following superannuation
In his resignation letter addressed to the Government of Gujarat, Raj Kumar cited his retirement as the reason for stepping down from these leadership roles.
Gujarat Gas increases CNG prices by Rs 1.5/kg: Report
Gujarat Gas Limited has announced a hike in the price of compressed natural gas (CNG) by ₹1.5 per kilogram, effective immediately, according to reports of CNBC-Aawaz. Following the revision, CNG price...
Gujarat Gas shares drop nearly 3% as Morbi ceramic association proposes a month-long shutdown
Shares of Gujarat Gas Limited declined by almost 3% on Tuesday, trading at ₹485.40, following news of a proposed shutdown in the Morbi ceramic industry. The Morbi Ceramic Association has announced pla...
Nifty Oil & Gas slips 0.18% as Mahanagar Gas, Gujarat Gas lead declines; BPCL gains marginally
The latest data for Nifty Oil & Gas stocks is as follows: Company LTP (₹) % Change Adani Total Gas 671.20 0.04% Aegis Logistics 805.30 -1.02% BPCL 293.05 0.36% Castrol 196.90 -0.70% GAIL 196.82 -0.63%...
Gujarat Gas shares jump 3% after Morgan Stanley reiterates Overweight call on the stock
Gujarat Gas shares saw a 3% rise after Morgan Stanley (MS) reaffirmed its ‘Overweight’ rating with a target price of ₹614. The update follows the company’s recent decision to increase CNG prices by ₹1...
Morgan Stanley prefers GAIL and Reliance over Gujarat Gas
Morgan Stanley (MS) has reiterated its 'Overweight' rating on Gujarat Gas (GGAS) with a target price of ₹614, following the company's decision to increase CNG prices by ₹1.5/kg, marking a 2% price hik...
CNG price hike from midnight
Gujarat Gas has announced a CNG price increase of Rs 1.5 in Surat, effective December 1, affecting over four lakh vehicle users in South Gujarat. Learn how this impacts auto-rickshaw and school van fa...
Gujarat Gas shares fall over 6% as APM gas allocation cuts hit CGD companies
Shares of Gujarat Gas Limited (GGL) dropped 6.17% to ₹456.00 as of 11:31 am on Monday, extending the sell-off among city gas distribution (CGD) stocks. The fall comes in reaction to the government’s d...
Midday Stock Market Update: Wipro down nearly 4%, TCS down 3%, Gujarat Gas down 6% – Check Top Losers
Here’s a rundown of today’s top losing stocks across the large-cap and mid-cap categories: Mid-Cap Top Losers Gujarat Gas: Down 6.00%, trading at ₹456.80. The stock continues to feel pressure due to a...
Nomura maintains reduce on Gujarat Gas, targets Rs 470, implying 13% downside
Nomura has maintained its “Reduce” rating on Gujarat Gas with a target price of ₹470, suggesting a potential downside of 13% from the current market price (CMP) of ₹540.55. The brokerage highlighted t...
Gujarat Gas shares surge 3% following strong Q2 FY25 results
Gujarat Gas shares rose over 3% in morning trade after the company posted robust Q2 FY25 earnings, driven by a 12% year-on-year growth in CNG volumes. The company achieved 2.93 million metric standard...
Citi maintains sell on Gujarat Gas with target of Rs 530
Citi has reiterated its sell rating on Gujarat Gas, with a target price of ₹530, close to the current market price of ₹528.20. The company’s Q2 performance showed a strategic shift, prioritizing margi...
Gujarat Gas Q2 FY25 results: Stock jumps 3% ahead of result announcement
Shares of Gujarat Gas witnessed a 3% jump today, fueled by investor optimism ahead of its Q2 financial results. Gujarat Gas shares opened at ₹516.10 today and quickly gained momentum, hitting an intra...
Key Q2 FY24-25 results to watch today: Power Grid Corp, Tata Steel, Apollo Hospitals, Jindal Steel, Gujarat Gas, Chambal Fertilizers and more
Several notable companies are set to announce their Q2 FY24-25 results today, and investors will be keen to analyze the performance across different sectors. Here’s a list of key companies releasing t...
Mid-Cap Top Losers: IGL, Colgate, Gujarat Gas and more
While the markets saw strong performances in several mid-cap stocks, some key players faced significant losses by 11:23 AM. Here’s a breakdown of the top mid-cap losers as the market continues to fluc...
JPM on Gujarat Gas: ‘Underweight’ with Target of ₹475 amid restructuring concerns
JPMorgan has issued an “Underweight” rating on Gujarat Gas, with a target price of ₹475 per share. The stock rose approximately 12% on Monday following the restructuring announcement at the GSPC group...
Stocks hit 52-week highs: Gujarat Gas, Concord Biotech, Hindustan Petroleum, Bajaj Finserv, Godrej Industries, Bikaji Foods and more
Several stocks have hit new 52-week highs during today’s trading session as of 12:20 PM. Here are the key stocks that have reached these milestones: Gujarat Gas Limited (GUJGASLTD) traded at ₹667.30, ...
Gujarat Gas stock surges 9.99% to ₹667.60 amid Merger Announcement
Gujarat Gas Limited (GGL) is witnessing a significant surge in its stock price, currently trading at ₹667.60, up ₹60.65 (9.99%) as of 9:19 AM. This rise follows the company’s recent announcement regar...
Gujarat Gas: Antique Stock Broking maintains ‘Buy’ rating post-merger, target increased to ₹726
Antique Stock Broking has maintained its “buy” rating on Gujarat Gas Ltd (GGL) and raised the target price to ₹726 from ₹690 earlier, citing the company’s merger with Gujarat State Petronet Limited (G...
Top Stocks To Watch, September 2: Oil India, Gujarat Gas, GSPL, NBCC, SJVN, NHPC and more
A quick brief and lens on the top stocks to watch in trade in the stock market on Monday, September 2. Below list of stocks will be in focus in trade tomorrow.
Stocks To Watch, September 2: Gujarat Gas and GSPL shares in focus post merger announcement
Shares of GSPL and Gujarat Gas will be in focus in trade on September 2, Monday after the company on Friday, August 30 announced the amalgamation scheme.
Gujarat government approves restructuring of GSPC
Gujarat State Petroleum Corporation, Gujarat State Petronet, and Gujarat Gas have endorsed a restructuring plan, approved by the state government. This initiative aims to streamline operations, enhanc...