Domestic demand is expected to remain good, going forward, supported by favourable LNG and CNG prices compared to auto fuel price
The stock crashed 24 percent in the pervious four sessions after the Petroleum and Natural Gas Board to slashed GSPL's HP Pipeline network tariff
The sharp tariff cut, which poses a threat to GSPL's financial performance, prompted brokerages such as Kotak, Nuvama, Emkay Global and ICICI Securities to downgrade the stock
The new tariff is not just 47 percent lower than GSPL's existing tariff but also a third of what was sought by the company