Gujarat Gas gains on inking MoU with Hindustan Petroleum Corporation
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Gujarat Gas is currently trading at Rs. 585.20, up by 4.05 points or 0.70% from its previous closing of Rs. 581.15 on the BSE.
The scrip opened at Rs. 589.65 and has touched a high and low of Rs. 589.65 and Rs. 576.60 respectively. So far 19820 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 589.65 on 01-Feb-2024 and a 52 week low of Rs. 397.20 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 589.65 and Rs. 552.25 respectively. The current market cap of the company is Rs. 39868.11 crore.
The promoters holding in the company stood at 60.89%, while Institutions and Non-Institutions held 24.34% and 14.77% respectively.
Gujarat Gas (GGL) has signed Memorandum of Understanding (MoU) with Hindustan Petroleum Corporation (HPCL) for mutual benefit of each other. HPCL providing Liquid Fuels at GGL Outlets; HPCL providing Automotive Lubricants, Greases and Specialties at the GGL outlet; Setting up of CNG Facility at HPCL COCO/COMCO Outlets and GGL setting up of CNG Mother Facility at HPCL Outlets.
Gujarat Gas is engaged in City Gas Distribution including sale, purchase supply, distribution, transport, trading in Natural Gas, CNG, LNG, LPG & other Gaseous form through Pipelines, Trucks/ Trains or such other suitable mode for transportation/distribution of Natural Gas, CNG, LNG, LPG & other Gaseous Form.
