Shares of leading gas and liquefied natural gas companies witnessed sharp selling pressure on Monday as escalating tensions between Iran and the Israel–US alliance heightened fears of prolonged disruption in global energy supply chains. Investor sentiment remained cautious amid concerns that an extended closure of the strategically vital Strait of Hormuz could create a supply vacuum for liquefied natural gas and push energy prices higher.
GAIL (India) slumped 5.5% to a 52-week low amid heavy selling in gas stocks.
Petronet LNG and Gujarat Gas dropped 5%.
ATGL fell 4% to hit a 52-week low, while Indraprastha Gas slipped 3%
The broad-based selloff dragged down several major gas sector counters in early trade, reflecting worries over import costs, supply security and potential demand disruptions if geopolitical tensions persist.
Shares of GAIL (India) Limited fell 5.5 per cent to a 52-week low of ₹147.03 during the session. The stock later pared some losses and was trading at ₹148.35 at 11:34 am, compared with the previous close of ₹155.71.
Petronet LNG Limited declined 5 per cent to an intraday low of ₹275.70, while Gujarat Gas Limited also dropped 5 per cent to ₹376.80 amid heavy selling pressure.
Shares of Adani Total Gas Limited slipped 4 per cent to a 52-week low of ₹462.80 from the previous close of ₹482.65. Indraprastha Gas Limited fell 3 per cent to hit a 52-week low of ₹152.24, compared with its previous closing price of ₹157.27.
Gas utilities are particularly vulnerable to supply-side shocks as India depends heavily on LNG imports to meet domestic demand. Any sustained disruption in shipping routes or a spike in global gas prices could pressure margins and weigh on profitability across the sector.
Analysts expect volatility in gas stocks to persist in the near term as investors track developments in West Asia, movements in global LNG prices and policy measures aimed at securing alternative supply routes.
Published on March 9, 2026