By BullScreen Editorial Team 
Shares of India’s natural gas companies, including Adani Total Gas, Gujarat Gas, and Gujarat State Petronet, rallied sharply on Thursday, March 19, even as the broader stock market faced steep losses. Investors turned to the sector amid rising crude oil prices and geopolitical tensions in West Asia.
The NIFTY50 index fell 2.08% to 23,282.65 points, while the BSE SENSEX dropped 2.13% or 1,634 points to 75,069.96, reflecting a volatile trading session. Despite the market downturn, natural gas stocks saw heavy buying interest, with trading volumes surging across key players.
Adani Total Gas, part of the Adani Group’s energy portfolio, led the gains, climbing nearly 12% to an intraday high of ₹575.75, up from ₹515.65 at the previous close. Early in the session, it was trading 8.86% higher at ₹561, with volumes exceeding 28 million shares.
Gujarat Gas shares jumped 8.8% to ₹387.20, after opening at ₹359, supported by volumes of over 6.6 million. Gujarat State Petronet gained 6.6% to ₹275.60, with 1.7 million shares traded in early hours. Mahanagar Gas and ONGC also rose, by over 3% and 2% respectively, reflecting strong sectoral momentum.
The rally comes as crude oil prices crossed $112 per barrel, fueled by escalating US-Iran tensions, prompting investors to seek exposure in energy-linked stocks. Analysts note that natural gas companies often benefit from higher fuel prices, offering a hedge during broader market volatility.
The gains in natural gas stocks underscore investors’ focus on energy sector resilience amid broader market declines. With crude prices remaining elevated and geopolitical risks continuing, natural gas equities are likely to remain in focus in the near term.