Share swap ratios
Under the scheme, GSPC shareholders will receive 10 shares of Gujarat Gas for every 305 shares held, while GSPL shareholders will be allotted 10 shares of Gujarat Gas for every 13 shares they own. Gujarat Gas shareholders will also receive one share of GSPL Transmission for every three shares they hold, reflecting the demerger of the transmission business.
The restructuring is designed to simplify the holding structure and “unlock value for shareholders.” Based on swap ratio calculations, analysts estimate that GSPL shares have an upside potential of about 7% at current market prices.
Market performance
Shares of Gujarat Gas closed 1.15% higher on Monday at Rs 436, though the stock is still down 14% so far in 2025. The shareholder meeting outcome this week is expected to set the tone for the stock’s next move, with investors closely monitoring how the merger unfolds.
From a technical standpoint, the stock is currently trading above four of its eight key simple moving averages (SMA)—the 5-day, 10-day, 20-day, and 30-day SMAs—indicating short-term bullish undertones. However, it remains below its 50-day, 100-day, 150-day, and 200-day SMAs, reflecting bearish trends in the longer-term charts.
The Relative Strength Index (RSI) stands at 48.5, suggesting the stock is neither overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence (MACD) is at -1.9 and remains below the center line, reinforcing a bearish trend.Also read | Ola Electric vs Ather Energy shares: Which EV bet looks stronger for your portfolio right now?
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