Up 22% in 2 days, this PSU stock in no mood to slow down

Business


The improving operating leverage due to higher gas volume and cost control measures helped in maintaining operating margin before depreciation (EBITDA margin) above the historical range.

Synopsis

The fact that Gujarat Gas recorded a double-digit volume growth despite raising prices shows that it has started commanding pricing power among industrial clients.

ET Intelligence Group: Gujarat Gas has gained nearly 22% in the past two trading sessions following the city gas distributor’s strong December quarter numbers. A higher volume growth and better profitability has prompted analysts to raise the earnings forecast for the company by 8-12% for the current and next fiscal year.The company’s sales volume rose by 23% year-on-year to 11.4 million metric standard cubic metre per day (mmscmd) in the

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