According to Incred, the expected increase in gas costs driven by higher APM (Administrative Price Mechanism) prices and rising Henry Hub (HH) prices will offset the impact of lower LNG prices. As a result, earnings per share (EPS) are projected to decline after peaking in FY25F. Moreover, the electric vehicle […]
gas stocks
In its latest note, global brokerage house Jefferies highlighted that the Modi government’s renewed efforts to include natural gas under GST could benefit companies like Gujarat Gas Ltd, GAIL (India) Ltd, and Petronet LNG Ltd. The brokerage noted that among the 4 key states that could hold sway, 3 are […]