Gujarat Gas: Bold Move to Protect Margins
Spot LNG prices have risen to USD35/mmBtu for Jan'22, from lows of USD2/mmBtu in May 2020. Low gas prices, coupled with low oil production and...
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HSIE Results Daily: Godrej Consumers, Cipla, GAIL, Gujarat Gas, Hindustan Petroleum Corporation,...
Aditya Birla Capital: As outlined in our Initiation note, Aditya Birla Capital (ABCL) continues on its journey towards a credible makeover, driving...
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HSIE Results Daily: Gujarat State Petronet
We value the transmission business using discounted cash flow (DCF) at INR 137/sh (WACC of 10% and terminal growth rate of 3%). To this, we add INR...
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Mahanagar Gas IPO - Provides Enough Discount but Might Not Be a High-Flyer
Mahanagar Gas's (MGL) two main shareholders, Gail India Ltd and British Gas, plan to raise US$150m through this IPO by selling 12.5% stake each. We...
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