City gas distributors have crashed 30% from peak and may slide further away - Moneycontrol


4/28/2022 12:00:00 AM3 yearsago
by Moneycontrol News

Credit Suisse has downgraded Indraprastha Gas, Mahanagar Gas and Gujarat Gas.

Shares of city gas distribution companies have plummeted more than 30 percent from recent highs as surging global natural gas prices compress margins. Yet, Credit Suisse believes there is room for so… [+2518 chars]

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