SUZLON ENERGY Surges by 5%; BSE OIL & GAS Index Up 0.3%
May 30, 2019 09:58 AM

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

Meanwhile, the BSE OIL & GAS Index is at 15,542 (up 0.3%).

Among the top Gainers in the BSE OIL & GAS Index today is SUZLON ENERGY (up 5.0%).

INDRAPRASTHA GAS and CASTROL INDIA (down 0.3%) are among the top losers today.

Over the last one year, SUZLON ENERGY has moved down from Rs 10 to Rs 6, registering a loss of Rs 4 (down 40.8%).

On the other hand, the BSE OIL & GAS has moved up from 14,352 to 15,542, registering a gain of 1,190 points (up 8.1%) 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 22.8%) and PETRONET LNG (up 15.5%).

What About the Benchmark Indices?

The BSE Sensex is at 39,677 (up 0.4%).

The top gainers among the BSE Sensex stocks today are NTPC (up 2.1%), BHARTI AIRTEL (up 1.9%) and TCS (up 1.6%). Other gainers include ASIAN PAINTS (up 1.0%) and INFOSYS (up 1.0%). The most traded stocks in the BSE Sensex are NTPC and YES BANK.

In the meantime, NSE Nifty is at 11,907 (up 0.4%). BHARTI AIRTEL (up 2.2%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,949 to 39,677, registering a gain of 4,728 points (up 13.5%).

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.