The 3-year returns of Gujarat Gas have shown a positive movement with returns at +82.37. However, for the past one year, returns have been in the negative at -11.35%. Forecasting any stock is not possible as many factors may affect stock prices. These include, but are not restricted to the company’s financial performance, market conditions, general economic conditions and many more. While investing, investors must do adequate research to make informed decisions depending on their financial aims and plans.
Gujarat Gas highest stock price ever was on 6 August 2021 at Rs. 778.90.
The Gujarat gas stock price target cannot be determined so far into the future for the year 2025.
Gujarat Gas is a PSU, public sector undertaking. It is owned, managed and controlled by the Indian government. It is involved in the business of natural gas in India. The company deals with the distribution of natural gas from supply sources to end users. The company is also engaged in providing PNG and CNG connections to both commercial and non-commercial customers, mainly in South and Central Gujarat and the areas of Saurashtra. In terms of city gas distribution, this is India’s largest player having 27 CGD licences spread over 40 districts.
While understanding whether Gujarat Gas has a solid foundation, different aspects of the company must be considered, like its background, its reach, its performance in the industry and the demand for its goods and services.
The last final dividend of Gujarat Gas was paid on 19 August 2022. There is no information on further dividends as of now.
Some of the recent news about Gujarat Gas is that gas distribution players like Gujarat Gas, along with ATGL and Torrent Gas have cut PNG prices. In other news, Gujarat Gas has also cut industrial segment prices by Rs. 3.59/SCM.