Thread by @ketanmba03

Gas Distribution companies!
- Reported decent performance in the Jul-Sep quarter
- Soft LNG prices aided margin expansion
- Growth Outlook strong
- Sectoral tailwinds put Gas stocks in sweet spot
- Seen sharp run-up in stocks in past few months
#GujaratGas
#IGL
#MGL
#cleanenergy

- An increased focus on clean energy, a switch to natural gas and substantial price difference b/w Gas and competing fuels augur well for Gas marketing companies
- lower spot LNG prices and new corporate tax rates contributed to better profit margins
- Environmental concerns

- NGT ban in Morbi on coal gasifiers continued to aid vol growth for Guj. Gas
- Environmental concerns in Delhi have brought forth the urgency of using cleaner fuels, putting IGL in sweet spot
- The BEST plans to add around 500 CNG Buses from Nov. It will boost vol growth for MGL

Key positives Indicators
- Softness in spot LNG prices
- Environmental concerns & policy support
- Limited penetration in current market
- Gap b/w Crude Oil & Gas prices
- Outlook bullish

@Atulsingh_Asan @AnyBodyCanFly
@darshanvmehta1 @JAugastine @MoneyMystery @nishkumar1977