Gujarat Energy Share Price Gains Nearly 2% as Profit Rises 26%: What the Gujarat Energy Q2 Results and the Brokerage View Show

The Gujarat Energy share price rose nearly 2% on 9 November 2026 after the Gujarat Energy Q2 results showed profit growth that Mint puts at 26%, with a brokerage described as bullish on the PSU. The company is the former Gujarat Gas, a city gas distribution business. This article sets out the price data, the results, the broker views on record, valuation and risks. The growth figures differ across sources, so I flag each conflict instead of choosing one.

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Gujarat Energy Share Price: What Is Reported

Gujarat Energy share price: item	Reading	Source and date
Gujarat Energy share price move on 9 November 2026	Gain of nearly 2%	Mint headline and intro
Last verified Gujarat Energy share price before the results	Rs 221.00 at 1:58 PM on 4 November	Trendlyne; the day before the 5 November results
End-of-day Gujarat Energy share price on 4 September	Rs 263.59	MarketScreener, NSE
Change between the two readings	About 16% lower	My arithmetic: 221.00 divided by 263.59; the dates and venues differ
Gujarat Energy Q2 results announced	5 November 2026, after the board meeting	Exchange filing list on Sharekhan
Live 9 November Gujarat Energy share price	Not retrieved	Check a live quote on the exchange

I could not retrieve a reliable 9 November quote, so I do not state a price for the day. A 2% gain on a stock near Rs 221 would be a few rupees, which is small next to the fall from September. The Univest page for Gujarat Energy still carries the old Gujarat Gas name and an older price snapshot, so use an exchange quote for the current level. For the wider market backdrop see the Nifty 50 and the Sensex.

Gujarat Energy Q2 Results: Profit, Revenue and the Conflicting Figures

Gujarat Energy Q2 results item	Reading	Source and note
Gujarat Energy Q2 results: consolidated net profit	Rs 489.77 crore against a restated Rs 388.67 crore	A data page; growth of about 26% by my arithmetic
Gujarat Energy Q2 results: standalone net profit	Rs 639.27 crore, up 21.8%	A data page
Standalone profit growth, other headline	Up 127.49% to Rs 639.27 crore	Sharekhan's filing feed headline; conflicts with 21.8%
Growth figure for Gujarat Energy Q2 results in the Mint intro	21.9% year on year	Mint; I could not tie it to any profit line
Gujarat Energy Q2 results: standalone revenue	Rs 9,826.08 crore, up 59.4%	A data page; check the filing
Management documents with the Gujarat Energy Q2 results	Press release, investor presentation and call recording	Filed 5 and 6 November

For the Gujarat Energy Q2 results, the Mint headline's 26% matches consolidated profit growth, while the intro's 21.9% is close to the standalone 21.8% but not identical. A third source shows 127.49%, which would imply a much lower base, perhaps because of a restatement or a one-off in the year-ago quarter. I cannot reconcile the three, so read the exchange filing and the investor presentation before relying on any one figure. The revenue jump in the Gujarat Energy Q2 results is also large, and gas trading can lift sales without lifting margins in proportion.

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Brokerage Views on Gujarat Energy

Brokerage or aggregator	View on record	Date and note
Motilal Oswal	Buy, target Rs 360, citing a Morbi rebound and trading gains	12 August 2026, after Q1 FY27
Nomura	Buy, target Rs 379, trimmed from Rs 382	14 August 2026
Trendlyne consensus	27 analysts, average target Rs 347	4 November 2026, before the Q2 results
MarketScreener consensus	28 analysts, Buy, average target about Rs 360	Early September 2026
Brokerage cited by Mint on the Gujarat Energy Q2 results	Described as bullish; name and target not confirmed	I could not find the post-Q2 note

These are analysts' opinions, not forecasts, and targets move after each result. Trendlyne's average sat about 57% above the Rs 221 Gujarat Energy share price it showed on 4 November, a spread that says more about how far the price fell than about what will happen next. A bullish note after the Gujarat Energy Q2 results would fit the Mint headline, but I could not locate it, so treat the brokerage claim as reported by Mint only.

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What Moves the Gujarat Energy Share Price

Driver of the Gujarat Energy share price	Why it matters
Industrial and Morbi ceramic demand	Motilal Oswal tied the Q1 recovery to Morbi; ceramic clusters buy large gas volumes
Gas sourcing cost and pricing	City gas distributors depend on how fast cost changes pass to customers
Gas trading income in the Gujarat Energy Q2 results	Trading gains helped Q1 and may lift revenue and profit again, but can be lumpy
Regulation and tariffs	Rules on allocation and network charges can change margins
Sector sentiment and the Gujarat Energy share price	The Nifty Energy index and crude oil and gas prices influence gas stocks

The Gujarat Energy share price has to balance a strong profit print against a long fall from the September level, so a 2% gain in the Gujarat Energy share price may be a modest recovery, not a trend. Volume per day, margin per unit of gas and the share of industrial customers are the numbers to look for in the investor presentation.

Gujarat Energy Share Price Checklist and Risks

Investor situation	Questions to consider
Existing holder	Is my cost above the Rs 221 area, and what would a weaker margin quarter do to my position?
New buyer	Have I read the filing, noted the conflicting growth figures and checked the latest live price?
Short-term trader	A 2% gain is small; where would I exit if the post-results move reverses?
Long-term investor	How do I weigh volume growth, trading income and regulatory risk in a former Gujarat Gas business?

After the Gujarat Energy Q2 results, risks include a drop in industrial demand, a rise in gas costs that cannot be passed on, policy changes and the chance that trading gains do not repeat. Brokerage upgrades can also be reversed. Judge the business through filings, not a single session.

Conclusion

The Gujarat Energy share price gained nearly 2% on 9 November 2026 after Gujarat Energy Q2 results showed profit growth that Mint puts at 26%. The reported growth figures conflict, the brokerage view is unconfirmed and the stock had fallen sharply since September. Check the filing and a live quote, and consult a SEBI-registered adviser before acting.

Frequently Asked Questions on the Gujarat Energy Share Price

Why did the Gujarat Energy share price rise on 9 November?

Ans. Mint reports a gain of nearly 2% after the company's Q2 results showed profit growth of 26% and a brokerage turned bullish. I could not find the broker note or a company announcement for 9 November, so the link between the results and the move is Mint's reading, not a confirmed cause.

What were the Gujarat Energy Q2 results?

Ans. A data page shows consolidated profit of Rs 489.77 crore against a restated Rs 388.67 crore, about 26% higher by my arithmetic, and standalone profit of Rs 639.27 crore. Growth figures of 21.8%, 21.9% and 127.49% appear in different places, so read the filing.

Why do the Gujarat Energy Q2 results growth figures differ?

Ans. Consolidated and standalone profit are different lines, and a restated or one-off year-ago base can change the percentage. Mint's 26% fits consolidated profit, 21.8% fits standalone, and I could not explain the 21.9% or the 127.49%. The exchange filing settles which base each figure uses.

Is Gujarat Energy the same company as Gujarat Gas?

Ans. Market data pages show Gujarat Energy as the renamed Gujarat Gas, a city gas distribution company serving 44 districts across six states and one Union Territory, per Trendlyne. Some pages, including the Univest stock page, still use the old name and older price snapshots.

Which brokerage is bullish on Gujarat Energy?

Ans. Mint does not name it in the text I could see. On record are Motilal Oswal's Buy with a Rs 360 target in August and Nomura's Buy with a Rs 379 target. Both predate the Gujarat Energy Q2 results, so a fresh post-results note needs checking.

What is the analyst target for the Gujarat Energy share price?

Ans. Trendlyne showed an average target of Rs 347 from 27 analysts on 4 November, and MarketScreener showed about Rs 360 from 28 analysts in September. Targets are opinions that change after results, and they are not forecasts or advice.

Is the Gujarat Energy share price expensive?

Ans. I could not verify a current price-to-earnings figure after the Gujarat Energy Q2 results. The stock had fallen from about Rs 264 on 4 September to Rs 221 on 4 November, by my arithmetic about 16%, so valuation looked lower than in September. Check live multiples and the filing before judging.

What should investors do about the Gujarat Energy share price?

Ans. Univest does not recommend any security. A holder can review cost and position size, a new buyer can read the results filing and the broker notes, and a trader can set exit rules. A SEBI-registered adviser can give advice suited to personal goals and risk.