By Debdeep Gupta | 23 Apr, 2024
Gujarat State Petronet falls sharply from day's high as tariff cut triggers flurry of downgrades
Shares of Gujarat State Petronet Ltd (GSPL) failed to hold on to early gains and came sharply off their highs in afternoon trade on April 23, extending losses for the second straight session as a tariff cut prompted a series of downgrades.The stock took a beating in the previous session, falling 20 percent after the Petroleum and Natural Gas Regulatory Board (PNGRB) slashed tariffs for the company...
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