Analysts at HDFC Securities Ltd expect volume growth for Gujarat Gas to be 16% over the FY21-23 period
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The stock of Gujarat Gas Ltd, which benefited from low gas prices in early 2021 amid a strong demand environment, has gained nearly 67% so far this calendar year. This is despite the company’s shares being down about 20% from the highs seen in August as worries about near-term volumes and margins seem to have weighed on investor sentiment.
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