Oil and gas margins pressured by rising costs and weak rupee
after close1 source ↓written by the desknot a recommendation
ICICI Securities analyst Probal Sen indicates that margins for gas companies will remain under pressure due to higher global gas prices and a weaker rupee. City gas distributors are adjusting sourcing strategies, now partially linked to Henry Hub prices, which have surged, increasing costs for Indian importers. This trend may impact profitability in the sector.
Not investment advice. For informational purposes only.