Gujarat Gas is one of the most prominent gas companies in India. With a presence in over 250 towns and cities across Gujarat, the company has established itself as a leader in the gas industry of the country. Founded in the year 1989, Gujarat Gas has come a long way in terms of its growth and development.
The company’s share price history is also an interesting one. When the company went public in 1992, its shares were sold at Rs. 80 per piece. During its initial years, the share price did not experience much volatility and slowly increased. However, from the year 2000, the share price started surging and by the year 2008, it had reached Rs. 500 per piece.
By 2010, the Gujarat Gas share price had gone up to Rs. 700 per piece and it seemed that the company had managed to tap its potential. However, the share prices experienced a sharp decline in the year 2015, when it dropped to Rs. 250 per piece. This was mainly due to the fact that the company had to face stiff competition from other gas companies.
Since then, the Gujarat Gas share price has been on a steady rise and has experienced a lot of volatility as well. The share price has gone up to as high as Rs. 800 per piece in the year 2017 and has also dropped to as low as Rs. 600 per piece in the same year. The share price has managed to remain steady in the years 2018 and 2019 and is currently hovering around the Rs. 700 mark.
Reasons for Fluctuation in Gujarat Gas Share Price
The main reason for the fluctuation in Gujarat Gas share price is the competitive nature of the gas industry. As there are many other companies in the market offering similar services, it has become difficult for Gujarat Gas to maintain its market share. This has led to a decrease in the company’s profits and consequently, its share price has also gone down.
Apart from this, the company has also faced some regulatory issues due to which its share price has been affected adversely. In addition to this, the company has also faced some financial difficulties in the past which has further added to the share price volatility.
Future Outlook of Gujarat Gas Share Price
Despite the turbulent times, Gujarat Gas has managed to remain one of the leading players in the gas industry. The company has been working on improving its services and has also taken up various initiatives for the benefit of its customers. This has enabled it to stay ahead of its competitors and maintain its market share.
The company is expected to continue its growth in the coming years and its share price is also likely to increase in the near future. Investors who are looking for long-term investments can consider buying Gujarat Gas shares as the company is expected to perform well in the future.
Conclusion
Gujarat Gas has managed to establish itself as one of the leading companies in the gas industry. The company’s share price has experienced a lot of volatility over the years but has managed to remain steady in the recent times. The company is expected to continue its growth in the coming years and its share price is also likely to increase. Investors who are looking for long-term investments can consider buying Gujarat Gas shares.
