Forensic Analyst, Trudence Capital Advisors

Nitin Mangal

Nitin Mangal is a Research Analyst with more than 15 years of experience in Indian equities. He is Pioneer of Corporate Governance and Accounting Research in Indian Market and has successfully developed product for Institutional Investors named as "Analysis Beyond Consensus" during his association with Edelweiss Securities Ltd, Mumbai. Later during the career, he has worked with Veritas Investment Research Corporation, Canada as Asia Consultant covering Indian and US equities. He has been profiled by leading financial newspapers such as Wall Street Journal, Business Standard etc

Forensic Analyst

Trudence Capital Advisors

Trudence Capital Advisors Private Limited is a SEBI-registered Research Analyst, holding SEBI registration number INH000015747. Our firm is dedicated to providing independent and unbiased research on Indian mid to large-cap companies. Trudence Capital is known for its counter-consensus views, with a focus on forensic research and on-ground primary investigations. Our research approach is thorough, involving detailed analysis of accounting practices and governance, alongside extensive channel checks.

Independent & Unbiased Research

Thematic (Sector/Industry)

India Oil, gas and consumable fuels / Thematic (Sector/Industry)

<ul>
<li>Shares of city gas distribution players such as MAHGL, IGL, GUJGA and IRMENERG are down in the last one month.</li>
<li>This comes after the government's decision to reduce APM gas allocation towards CNG from 70% to 50%. </li>
<li>MAHGL, IGL due to high concentration towards CNG would be most impacted and would need price hikes. GUJGA and IRMENERG are less exposed due to high proportion of Industrial demand.</li>
</ul>


Shares of city gas distribution players such as MAHGL, IGL, GUJGA and IRMENERG are down in the last one month.
This comes after the government's decision to reduce APM gas allocation towards CNG from 70% to 50%. 
MAHGL, IGL due to high concentration towards CNG would be most impacted and would need price hikes. GUJGA and IRMENERG are less exposed due to high proportion of Industrial demand.


CGD Allocation Reduction- Decoding the Impact