HomeNewsBusinessMarketsAvoid gas utilities till regulatory woes abate: Edelweiss

Avoid gas utilities till regulatory woes abate: Edelweiss

Shares of gas utilities plummeted on Tuesday after the Petroleum and Natural Gas Regulatory Board directed Indraprastha Gas to cut tariffs for certain types of gas in New Delhi in a bid to reduce prices for consumers.

April 11, 2012 / 22:31 IST
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Shares of gas utilities plummeted on Tuesday after the Petroleum and Natural Gas Regulatory Board directed Indraprastha Gas to cut tariffs for certain types of gas in New Delhi in a bid to reduce prices for consumers.


Given the uncertainties in the stock, Niraj Mansingka of Edelweiss Securities said that the brokerage has put the stock under review from the current
first published: Apr 11, 2012 02:11 pm

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