Gas Stocks Surge Amid Regulatory Optimism

Gas stocks gained 0.5-5% on March 24, driven by regulatory boosts and an upcoming mid-April discussion.

GAIL rose 5.27%, IGL 3.48%, and Petronet LNG 1.54%, while HINDPETRO dipped 0.42%. Morgan Stanley sees gains for transporters, while CLSA highlights opex relief for city gas firms. PNGRB’s tariff proposals may impact costs and profits.