Indian Gas Providers' Shares Sink as Supply Cut to Hit Margins [Yahoo! Finance]
Jefferies Financial Group Inc. (JEF)
Last jefferies financial group inc. earnings: 10/25 04:42 pm
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Source: Yahoo! Finance
Most Read from Bloomberg In Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited Lift Amtrak Wins $300 Million to Fix Its Unreliable NJ-to-NYC Service A Bug's Eye View of Mexico City's Modernist Architecture NYC Congestion Pricing Plan With $9 Toll to Start in January Chicago Council Unanimously Nixes Mayor's Property Tax Hike The shares of Indraprastha Gas Ltd. slumped nearly 20%, the most in over twelve years, while that of Mahanagar Gas Ltd. fell more than 18%. Brokerages including JPMorgan Chase & Co. and Jefferies Financial Group downgraded both the stocks after the gas distributors said allocation decreased by as much as 20%. The selloff has erased all the stock gains of 2024 for major players in the industry. Both Mahanagar and Indraprastha said that the move will impact their profitability and that they're exploring ways to bridge the supply shortfall. The cut for a second month suggests “cheap domestic gas will soon be taken away fully,” Jefferies anal
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JEF
Earnings
- 9/25/24 - Miss
JEF
Sec Filings
- 12/20/24 - Form 424B2
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- JEF's page on the SEC website