Unusual Movements in BSE 500 Stocks: March 11

ATGL(+13.2%) / Gujarat Gas (+5.7%) : The rise in share price is due to supply problems arising due to the ongoing conflict in the Middle East. Attacks on Iran and retaliatory strikes have affected shipping through the Strait of Hormuz between Iran and Oman. Qatar has stopped LNG production because of the conflict in West Asia. Following these events, ATGL increased gas prices. More than 40 per cent of the daily contract quantity is now priced at Rs 119 per standard cubic metre. The company described the adjustment as necessary because of disruptions to liquefied natural gas supply routes.

Jindal Saw (+12.3%) / Welspun corp (+4.4%) / NCC (+3.8%): The Union Cabinet extended the Jal Jeevan Mission up to December 2028, with a total outlay of ₹8.7 lakh crore for the rural drinking water supply project. During the FY27 budget, the government allocated ₹67,670 crore. The central government also hiked its share from ₹2.8 lakh crore to ₹3.59 lakh crore in the extension.