SUZLON ENERGY Plunges by 7%; BSE OIL & GAS Index Down 0.4%
October 1, 2018 09:28 AM

SUZLON ENERGY share price has plunged 7% and is presently trading at Rs 6.

Meanwhile, the BSE OIL & GAS Index is at 14,902 (down 0.4%).

Among the top losers in the BSE OIL & GAS Index today is SUZLON ENERGY (down 7.5%).

GAIL (up 1.7%) and INDRAPRASTHA GAS (up 1.2%) are among the top gainers today.

Over the last one year, SUZLON ENERGY has moved down from Rs 15 to Rs 6, registering a loss of Rs 10 (down 64.0%)..

The BSE OIL & GAS has moved up from 14,674 to 14,902, registering a gain of 228 points (up 1.6%) during the last 12 months.

The top gainers among the BSE OIL & GAS Index stocks during this same period were RELIANCE IND. (up 58.5%), GAIL (up 29.6%) and ONGC (up 2.5%).

What About the Benchmark Indices?

The BSE Sensex is at 36,292 (down 0.3%). The top gainers among the BSE Sensex stocks today are INFOSYS LTD (up 1.0%), ICICI BANK (up 0.9%) and TCS (up 0.9%). Other gainers include ASIAN PAINTS (up 0.9%) and HDFC BANK (up 0.8%). The most traded stocks in the BSE Sensex are ICICI BANK and SBI.

In the meantime, NSE Nifty is at 10,932 (down 0.4%). BHARTI INFRATEL (up 2.3%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 31,282 to 36,292, registering a gain of 5,010 points (up 15.4%).

SUZLON ENERGY Financial Update...

SUZLON ENERGY net profit down at Rs 6 billion for the quarter ended June 2018, compared to a loss of Rs 484 million a year ago. Net Sales declined 42.5% to Rs 12.8 billion during the period as against Rs 22.2 billion in April-June 2017.

For the year ended March 2018, SUZLON ENERGY reported 193.2% decrease in net profit to Rs 8.4 billion compared to net profit of Rs 9.0 billion during FY17.

Revenue of the company grew 34.7% to Rs 83 billion during FY18.

The current Price to earnings ratio of SUZLON ENERGY, based on rolling 12 month earnings, stands at down 2.5x.