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Dolat Capital Report
City gas distribution companies to report a growth in volumes sequentially as movement of people have started, however we expect a de-growth in volumes on a YoY basis as some segments have still not fully recovered, due to which there is a permanent loss of volumes.
Lubricant volumes will continue to suffer due to auto industry slowdown however we will see a growth in volumes sequentially as pent up demand was seen and we expect volumes to improve as it is a deferred demand.
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