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Business
City gas distributors IGL and Gujarat Energy see share gains on Indian bourses
✍️ Zee Business
🗓 01 Oct 2026, 07:01 AM
👁 17
Shares of Indraprastha Gas Ltd (IGL), Gujarat Energy and other city gas distributors rose on Indian stock exchanges today.
Shares of Indraprastha Gas Ltd (IGL), Gujarat Energy and several other city gas distribution companies registered gains on India’s major stock exchanges today. The upward movement was noted across both the Bombay Stock Exchange and the National Stock Exchange, reflecting a positive shift for the sector.
Market participants observed that the city gas segment, which supplies piped natural gas to residential and commercial consumers, attracted buying interest, pushing the listed stocks higher. While specific price levels were not disclosed, the collective rise was enough to draw attention from analysts covering the utilities and energy space.
The rally comes amid broader market dynamics that have seen investors rotate into defensive and infrastructure‑linked stocks. Analysts indicated that the sector’s steady demand profile and recent policy support could be underpinning the modest optimism reflected in today’s trading.
Market participants observed that the city gas segment, which supplies piped natural gas to residential and commercial consumers, attracted buying interest, pushing the listed stocks higher. While specific price levels were not disclosed, the collective rise was enough to draw attention from analysts covering the utilities and energy space.
The rally comes amid broader market dynamics that have seen investors rotate into defensive and infrastructure‑linked stocks. Analysts indicated that the sector’s steady demand profile and recent policy support could be underpinning the modest optimism reflected in today’s trading.