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LTP
-1.45 (-0.22%)
Volume
2,81,882
Market Cap
₹72,620 Cr
52W Low
₹532.60
52W High
₹1,190.00
LTP
4.31 (9.91%)
Volume
14,241
Market Cap
₹10 Cr
52W Low
₹36.27
52W High
₹84.68
LTP
-2.85 (-1.49%)
Volume
59,10,821
Market Cap
₹1,25,683 Cr
52W Low
₹150.52
52W High
₹246.30
LTP
1.35 (0.29%)
Volume
2,79,430
Market Cap
₹31,552 Cr
52W Low
₹360.25
52W High
₹689.95
LTP
4.70 (1.36%)
Volume
5,76,760
Market Cap
₹19,474 Cr
52W Low
₹260.05
52W High
₹469.70
LTP
-0.21 (-0.10%)
Volume
6,69,370
Market Cap
₹28,763 Cr
52W Low
₹153.05
52W High
₹285.18
LTP
-2.75 (-0.97%)
Volume
35,263
Market Cap
₹1,163 Cr
52W Low
₹237.00
52W High
₹577.85
LTP
-1.50 (-0.11%)
Volume
1,75,732
Market Cap
₹13,571 Cr
52W Low
₹1,075.25
52W High
₹1,988.00
LTP
2.40 (0.76%)
Volume
21,41,849
Market Cap
₹47,513 Cr
52W Low
₹253.40
52W High
₹384.20
LTP
-15.10 (-4.24%)
Volume
30,300
Market Cap
₹271 Cr
52W Low
₹225.00
52W High
₹668.20
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The Gas Distribution or the City Gas Distribution (CGD) sector in India refers to the network of companies responsible for distributing Piped Natural Gas (PNG) and Compressed Natural Gas (CNG) to households, industrial units, and commercial establishments across the country. CNG is primarily used as auto-fuel, and PNG is used in domestic, commercial and industrial segments.
In the last few years, the PNG connections in India have grown significantly. As per the Ministry of Petroleum and Natural Gas, in 2021, the number of PNG connections in India was approximately 9.3 million, which has grown from 7.9 million in 2020.
The Indian Government’s measures to increase the usage of natural gas for cooking to help reduce the number of people who suffer from health issues from the release of fossil fuels such as coal, cow dung or wood will result in a boost in PNG connections over time. The Government’s intention to convert India into a gas-based economy is expected to raise the natural gas share in its energy mix from 6% in 2019 to 15% by 2030. This is anticipated to create huge opportunities for India’s CGD market.
Investing in gas distribution stocks via Angel One is easy. Simply follow these steps:
If you don’t have a Demat account with Angel One, you can open one for free online within minutes.
Gas Distribution sector stocks are stocks of companies that are involved in the distribution of PNG and CNG across the country to different segments of customers, such as households, industrial units, and commercial establishments.
Based on the market cap, Adani Total Gas Ltd, GAIL (India) Ltd, Gujarat Gas Ltd, and Indraprastha Gas Ltd are the top gas distribution stocks in India. The data is as of January 30, 2024.
While analysing the gas distribution sector stocks, you must check certain factors like the services offered by the company, competition, regulatory compliance, safety and environmental practices and financial health.
The growing demand for cleaner fuels like natural gas, especially in India’s expanding pipeline gas network, can create opportunities for companies involved in the sectors. However, consider your investment objectives and risk appetite before investing.
Adani Total Gas Ltd is the best gas distribution stock in India. As of January 30, 2024, the company’s 5-year CAGR is 61.71%.
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