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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