News for Gujarat State Petronet Limited (GSPL.BO)

Markets declined sharply Tuesday with Sensex falling 1.55% and Nifty 1.39%, driven by profit booking and concerns over FII outflows to China post US trade truce. Analysts see continued midcap strength and optimism for FY26 earnings growth.

According to CLSA, the changes are expected to reduce operating expenses (Opex) for Indraprastha Gas Ltd (IGL) and, to some extent, for Mahanagar Gas Ltd (MGL). However, GSPL is anticipated to be the biggest beneficiary of these amendments, as highlighted by the global brokerage firm.

Indian stocks continue to rise, marking the sixth straight session of gains, driven by strong performances in banking and energy sectors, FII buying, and positive domestic macros. The BSE Sensex jumped over 900 points while Nifty50 surpassed 23,600, fueled further by falling U.S. Treasury yields and strong technical indicators.

The Petroleum and Natural Gas Regulatory Board has asked stakeholders to submit the details of the gas being consumed, tentative impact in terms of value, etc.

Buzzing stocks, stocks to watch: Reliance Industries, L&T, IndusInd Bank, Welspun Corp, Ola Electric, GMR, GSPL, Carysil, PFC, JSW Energy, Unicommerce, Yes Bank, CG Power, HOCL, NCC, IFCI, Ircon International, Power Mech

Gujarat State Petronet Ltd has commissioned a natural gas pipeline connecting the Chhara LNG terminal with the gas grid. The 18 million standard cubic metres per day pipeline, costing Rs 650 crore, runs close to the Gir National Park & Wildlife Sanctuary and enhances natural gas availability in line with India's energy mix goals.

New natural gas pipeline commissioned by GSPL connects HPCL's LNG terminal in Gujarat, passing through Gir National Park.

Buzzing Stocks Today, Stocks that will see action today: 7 February, 2025 - ITC, Agro Tech Foods, Fortis Healthcare, NTPC Green, Autobindo Pharma, Meson Valves, Solar Industries, Petront LNG, HG Infra, BSE, Zomato, Tata Power, Dr Reddy’s Lab, Mahindra Logistics, Asian Paints

Buzzing stocks, stocks to watch: Bharti Airtel, Kalpataru, Wockhardt, IEX, Polycab, Innova Captab, KIMS, Sterling Tools, M&M, NHPC, SAIL, Ircon, Va Tech Wabag, Bajaj Electrical

Benchmark index Nifty50 reached an all-time high for the fourth straight session, driven by gains in IT and financial stocks, while also marking its 13th session of the rally. Key stocks like Bajaj Finserv and HCL Tech rose notably. Nifty FMCG and Nifty IT sectors saw gains, although midcap and smallcap indices dropped by around 0.3%.

GSPL share price: GSPL moved higher by 6 per cent to hit a new high of Rs 469.60, bouncing back 13 per cent from its intraday low on Monday

Gujarat Gas, GSPL, MGL, IGL and Petronet LNG: Trading strategies for gas-related stocks as Gujarat Gas announces biz restructuring plan. Find out which stock look stronger on charts here.

Gujarat State Petroleum Corporation, GSPC Energy, and Gujarat State Petronet will be merged into Gujarat Gas.

Gujarat Gas Share Price: Under the restructuring, the merger of GSPC with GGL will witness an issuance of 10 equity shares of GGL for every 305 shares of GSPC held by the shareholders while under the merger of GSPL with GGL, 10 shares of GGL will be issued against every 13 shares of GSPL held.

Brokerages see an upside of up to 23 per cent in Gujarat Gas stock as they believe that the restructuring of these Gujarat companies will simplify the existing layered structure.

Stock including Firstcry, NBCC, Gujarat Gas, NHPC, RailTel, Siemens, Emami, Biocon, SJVN, auto counter and more may remain under the spotlight before the opening bell on Friday, September 02.

Sales of Royal Enfield motorcycles fell 5 per cent to 73,629 units in August 2024, compared to 77,583 units in the year ago period. Meanwhile, their exports dropped 2 per cent to 8,006 units YoY: Stocks to watch

As part of this restructuring, GGL’s Gas Transmission Business will be demerged and listed separately as GSPL Transmission Limited (GTL) on stock exchanges. The scheme also outlines specific shareholding arrangements for current shareholders of GSPL and GSPC.

Gujarat State Petronet Ltd. announced on Friday a restructuring plan to simplify its corporate structure. Following the restructuring, the company will operate through two main entities: Gujarat Gas Ltd. and GSPL Transmission Ltd. The restructuring is subject to approval from the Ministry of Corporate Affairs, the National Stock Exchange of India, the BSE, shareholders, and creditors, according to an exchange filing.