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Gujarat Gas shares skyrocket 14% after approving merger, demerger plan involving GSPC and GSPL

Gujarat Gas shares skyrocket 14% after approving merger, demerger plan involving GSPC and GSPL

Sep 02, 2024, at 07:35 pm

Ahmedabad/IBNS: Shares of Gujarat Gas Limited (GGL) on Monday (Sept 2) surged 13.6 percent to its new all-time high of Rs 689.45 on BSE after the natural gas distribution company announced the restructuring of its group entities, including Gujarat State Petroleum Corporation (GSPC), Gujarat State Petronet Limited (GSPL), and Gujarat Gas, following which the brokerages have upgraded the stock's target price up to Rs 715.

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