MGL, IGL plunge; Harshvardhan Dole on what can help recovery of CGD companies

Shares of Mahanagar Gas and Indraprastha Gas fell by up to 6% following the government's decision to maintain domestic gas prices. The prices were expected to be reset, making compressed natural gas more attractive and safeguarding margins. The failure to cut prices has investors speculating about a possible U-turn or leadership change. Meanwhile, the energy industry will monitor the government's Kirit Parikh Committee recommendations and two to three key events such as coal prices and renewable installations

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