GUJARAT NARMADA Plunges by 6%; BSE 500 Index Up 0.1%
May 30, 2019 09:22 AM

GUJARAT NARMADA share price has plunged 6% and is presently trading at Rs 293.

Meanwhile, the BSE 500 Index is at 15,480 (up 0.1%).

Among the top losers in the BSE 500 Index today are GUJARAT NARMADA (down 5.9%) and NILKAMAL (down 5.1%).

SJVN (up 7.7%) and AIA ENGINEERING (up 3.3%) are among the top gainers today.

Over the last one year, GUJARAT NARMADA has moved down from Rs 470 to Rs 293, registering a loss of Rs 176 (down 37.6%)..

The BSE 500 has moved up from 14,695 to 15,480, registering a gain of 785 points (up 5.3%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI POWER (up 140.6%), VINATI ORGANICS (up 114.0%) and BALRAMPUR CHINI (up 112.3%).

What About the Benchmark Indices?

The BSE Sensex is at 39,581 (up 0.1%). The top gainers among the BSE Sensex stocks today are POWER GRID (up 1.6%). The most traded stocks in the BSE Sensex are POWER GRID and TATA MOTORS.

In the meantime, NSE Nifty is at 11,889 (up 0.2%). BHARTI AIRTEL (up 1.5%) and BAJAJ AUTO (up 1.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,949 to 39,581, registering a gain of 4,632 points (up 13.2%).

GUJARAT NARMADA Financial Update...

GUJARAT NARMADA net profit down at Rs 2 billion for the quarter ended December 2018, compared to a loss of Rs 2 billion a year ago. Net Sales declined 23.4% to Rs 12.2 billion during the period as against Rs 15.9 billion in October-December 2017.

For the year ended March 2018, GUJARAT NARMADA reported 244.6% increase in net profit to Rs 7.9 billion compared to net profit of Rs 2.3 billion during FY17.

Revenue of the company grew 19.7% to Rs 59 billion during FY18.

The current Price to earnings ratio of GUJARAT NARMADA, based on rolling 12 month earnings, stands at 4.6x.