Gas stocks rally on US-Iran de-escalation hopes; analysts see limited gains
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Gas stocks surged on April 17, following US President Trump's remarks indicating a potential end to the Iran war. Gujarat State Petronet shares rose 9%, with Gujarat Gas and Aegis Logistics gaining over 7%. Analysts from Elara Securities caution that much of the optimism may already be priced in, predicting limited gains ahead. They emphasize that future stock performance will depend more on company-specific factors rather than geopolitical events. Equirus Capital warns of margin compression for city gas distribution companies due to rising gas input costs, particularly affecting Gujarat Gas.
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