Shares of oil and gas companies advanced up to 18 per cent in intra-day trade on the BSE on Thursday after Prime Minister Narendra Modi said the government is planning to invest Rs 7.5 trillion to build oil and gas infrastructure over the next five years.
Shares of Gujarat Gas zoomed 18 per cent to Rs 527, followed by Gujarat State Petronet (11 per cent to Rs 266), Indraprastha Gas (9 per cent to Rs 595), Mahanagar Gas (7 per cent at Rs 1,229) and Gail (India) and Oil and Natural Gas Corporation (ONGC) by 5 per cent at Rs 142 and Rs 107, respectively.
