{"id":567980,"date":"2023-04-05T09:30:48","date_gmt":"2023-04-05T04:00:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=567980"},"modified":"2023-04-05T09:46:43","modified_gmt":"2023-04-05T04:16:43","slug":"city-gas-distribution-shares-trade-weak-mgl-igl-fall-up-to-6","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/city-gas-distribution-shares-trade-weak-mgl-igl-fall-up-to-6\/","title":{"rendered":"City gas distribution shares trade weak: MGL, IGL fall up to 6%"},"content":{"rendered":"<p>Shares of city gas distribution (CGD) companies &#8211; Mahanagar Gas (MGL), and Indraprastha Gas (IGL) fell up to 6 per cent in Monday\u2019s intra-day trade, after the government kept domestic gas prices unchanged at $8.6\/mmBtu on a provisional basis from April 2023 to September 2023. The ceiling, however, was reduced marginally to $12.1\/mmBtu from $12.5\/mmBtu.<\/p>\n<p>Among individual stocks, MGL dropped 6 per cent to Rs 925.75 due to profit booking, while IGL slipped 5 per cent to Rs 407.05. In comparison, the S&amp;P BSE Sensex was up 0.04 per cent at 59,013, as of 10:24 am.<\/p>\n<p>According to reports, domestic gas price was kept on hold as the government mulls recommendations of Kirit Parikh committee on fair pricing of natural gas.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of city gas distribution (CGD) companies &#8211; Mahanagar Gas (MGL), and Indraprastha Gas (IGL) fell up to 6 per cent in Monday\u2019s intra-day trade, after the government kept domestic gas prices unchanged at $8.6\/mmBtu on a provisional basis from April 2023 to September 2023. The ceiling, however, was reduced marginally to $12.1\/mmBtu from $12.5\/mmBtu. Among individual stocks, MGL dropped 6 per cent to Rs 925.75 due to profit booking, while IGL slipped 5 per cent to Rs 407.05. In comparison, the S&amp;P BSE Sensex was up 0.04 per cent at 59,013, as of 10:24 am. According to reports, domestic [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-567980","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/567980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=567980"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/567980\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=567980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=567980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=567980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}