Gujarat Gas share price crashes 7% despite gains in Indian stock market. What’s behind the selloff?

Gujarat Gas shares slumped as much as 6.96% in Thursday’s trading session, March 5, after the company said that the war in the Middle East is impacting the availability of R-LNG, forcing it to issue Force Majeure Notices to industrial customers.

Following this announcement, hit the day’s low of 389.45 as against the previous close of 418.60.

More to come…

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