SUZLON ENERGY Plunges by 5%; BSE OIL & GAS Index Down 1.5%
May 21, 2019 01:18 PM

SUZLON ENERGY share price has plunged 5% and is presently trading at Rs 6.

Meanwhile, the BSE OIL & GAS Index is at 15,425 (down 1.5%).

Among the top losers in the BSE OIL & GAS Index today are SUZLON ENERGY (down 5.3%) and BPCL (down 5.1%).

RELIANCE IND. (up 1.4%) and PETRONET LNG (up 1.0%) are among the top gainers today.

Over the last one year, SUZLON ENERGY has moved down from Rs 9 to Rs 6, registering a loss of Rs 2 (down 28.5%)..

The BSE OIL & GAS has moved up from 14,313 to 15,425, registering a gain of 1,112 points (up 7.8%) during the last 12 months.

The top gainers among the BSE OIL & GAS Index stocks during this same period were RELIANCE IND. (up 44.2%), INDRAPRASTHA GAS (up 19.3%) and PETRONET LNG (up 13.0%).

What About the Benchmark Indices?

The BSE Sensex is at 39,572 (down 0.5%). The top gainers among the BSE Sensex stocks today are RELIANCE IND. (up 1.4%), HDFC (up 1.1%) and HUL (up 0.6%). Other gainer include ITC (up 0.6%). The most traded stocks in the BSE Sensex are RELIANCE IND. and ITC.

In the meantime, NSE Nifty is at 11,884 (down 0.6%). BHARTI INFRATEL (up 3.0%) and BRITANNIA (up 1.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,616 to 39,572, registering a gain of 4,956 points (up 13.1%).

SUZLON ENERGY Financial Update...

SUZLON ENERGY net profit declined 20.3% YoY to Rs 386 million for the quarter ended December 2018, compared to a loss of Rs 484 million a year ago. Net Sales declined 50.6% to Rs 11.0 billion during the period as against Rs 22.2 billion in October-December 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 1.6x.