Loading...
Market
What will be Gujarat Gas market position after merger completion by end of 2024?
2
Gujarat Gas•Gujarat State Petroleum Corporation•GSPC•Gujarat State Petronet•GSPL•GSPC Energy•GEL•India•Equirus Capital
Resolution / Starting Odds
Largest gas trading company in India • 25%
Second largest gas trading company in India • 25%
Third largest gas trading company in India • 25%
Below third largest gas trading company in India • 25%
Publicly available market cap data and financial news outlets
Story
Gujarat Gas Shares Surge 13.63% After Merger Announcement
Sep 2, 2024, 02:06 AM
Gujarat Gas has announced a significant merger and demerger plan involving Gujarat State Petroleum Corporation (GSPC), Gujarat State Petronet (GSPL), and GSPC Energy (GEL). The merger, which has been approved by the boards of the involved companies, aims to streamline their structure. Gujarat Gas is expected to benefit from its position as the second-largest gas trading company in India. The announcement has led to a notable market reaction, with Gujarat Gas shares jumping 13.63% to an intraday high of Rs 689.45, marking its biggest single-session gain in over three years. Brokerage firms, including Equirus Capital, have responded positively to the merger, upgrading their ratings for Gujarat Gas and increasing target prices to Rs 667.
View original story
Similar markets
Top 5 • 25%
Top 10 • 25%
Top 20 • 25%
Not in Top 20 • 25%
Increases by more than 5% • 25%
Increases by 0-5% • 25%
Remains the same • 25%
Decreases • 25%
Stock price increases by more than 10% • 25%
Stock price increases by 0-10% • 25%
Stock price decreases by 0-10% • 25%
Stock price decreases by more than 10% • 25%
Talen Energy gains market share • 25%
Vistra Corp. gains market share • 25%
Constellation Energy gains market share • 25%
No significant change • 25%
Below $1.6 billion • 25%
$1.6 billion to $1.8 billion • 25%
$1.8 billion to $2 billion • 25%
Above $2 billion • 25%
Increase by more than 5% • 25%
Increase by 3-5% • 25%
Increase by less than 3% • 25%
No significant change • 25%
Exxon becomes the largest oil company by market cap • 25%
Exxon remains second by market cap • 25%
Exxon falls to third place by market cap • 25%
Exxon is outside the top three by market cap • 25%
Yes • 50%
No • 50%
Increase • 33%
Decrease • 33%
No change • 33%
Less than 10% • 25%
10% to 15% • 25%
15% to 20% • 25%
More than 20% • 25%
Less than 10% • 25%
10% to 15% • 25%
15% to 20% • 25%
More than 20% • 25%
Top 5 in industry • 25%
Top 10 in industry • 25%
Remains outside Top 10 • 25%
Becomes market leader • 25%