MUMBAI: How often do you come across a PSU that is performing consistently well on the bourses? This city gas distributor, the country’s largest, is in no mood to slow down, and is the only state-run company whose stock has been ruling at record high levels.The company is Gujarat Gas.Stellar quarterly earnings, a booster to its key market in Morbi, a ceramic hub, as huge anti-dumping duty levied on Chinese ceramics by many countries, including the US, has further boosted the prospects of this stock.The stock has risen 42 per cent so far this year, and scaled a record high of Rs 345 on Wednesday. It is the second-best performing PSU stock so far this year, after Indian Railway Catering and Tourism Corporation (IRCTC), which is up 45 per cent for the year to date.This performance compares with the BSE PSU Index, which has eroded 24.3 per cent value in the same period, while BSE Sensex has risen 6.2 per cent.The stock price of Gujarat Gas has doubled in last three years, and 209 per cent ...
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