Indian headline indices opened lower on Friday as a result of weak global cues and rising crude oil prices. The majority of the sectors were trading downwards, with BSE Metals being one of the session's top drags. 

Metal prices, which had previously peaked, began to decline in April and the sectoral index BSE Metals plunged more than 18 per cent over a six-month period. Numerous factors are to be blamed including the effect of Russia and Ukraine war, the government's stance on export taxes and so on.  

Even with all sectoral drawbacks, ABC Gas (International) still impressed investors with its outstanding performance. The shares of ABC Gas (International) soared nearly 490 per cent over a period of six months, despite losing 37 per cent in the previous month.  

Since the last five trading sessions, the stock has hit back-to-back upper circuits. On an intraday basis on Friday, the shares of ABC Gas (International) surged to Rs 74.30 per share on BSE after being locked in the 5 per cent upper circuit.  

The largest ISO-certified gas reticulation company in India, ABC Gas (International) Ltd was founded in 1980 as a manufacturer and trader of non-ferrous metals like brass rods, tubes & copper pipes. Copper and solder fittings are imported by the company for use in trade. Copper pipes, pressure regulators, metres and accessories are additional products that the company both manufactures as well as imports.    

Keep a close eye on this scrip for the upcoming sessions. 

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