GUJ. STATE PETRONET Plunges by 5%; BSE OIL & GAS Index Down 2.2%
July 8, 2019 12 pm

GUJ. STATE PETRONET share price has plunged 5% and is presently trading at Rs 191.

Meanwhile, the BSE OIL & GAS Index is at 14,452 (down 2.2%).

Among the top losers in the BSE OIL & GAS Index today is GUJ. STATE PETRONET (down 5.1%).

INDRAPRASTHA GAS (up 0.7%) is among the top gainer today.

Over the last one year, GUJ. STATE PETRONET has moved up from Rs 176 to Rs 191, registering a gain of Rs 16 (up 8.8%)..

The BSE OIL & GAS has moved up from 13,597 to 14,452, registering a gain of 855 points (up 6.3%) during the last 12 months.

The top gainers among the BSE OIL & GAS Index stocks during this same period were RELIANCE IND. (up 30.3%), INDRAPRASTHA GAS (up 17.7%) and PETRONET LNG (up 13.0%).

What About the Benchmark Indices?

The BSE Sensex is at 39,476 (down 1.5%). The top gainers among the BSE Sensex stocks today are YES BANK (up 5.4%), HCL TECHNOLOGIES (up 1.9%) and TCS (up 0.6%). The most traded stocks in the BSE Sensex are YES BANK and TCS.

In the meantime, NSE Nifty is at 11,772 (down 1.5%). YES BANK (up 5.7%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,575 to 39,476, registering a gain of 3,901 points (up 9.4%).

GUJ. STATE PETRONET Financial Update...

GUJ. STATE PETRONET net profit down at Rs 2 billion for the quarter ended March 2019, compared to a loss of Rs 2 billion a year ago. Net Sales declined 4.4% to Rs 4.3 billion during the period as against Rs 4.5 billion in January-March 2018.

For the year ended March 2018, GUJ. STATE PETRONET reported 34.6% increase in net profit to Rs 6.7 billion compared to net profit of Rs 5.0 billion during FY17.

Revenue of the company grew 29.6% to Rs 13 billion during FY18.

The current Price to earnings ratio of GUJ. STATE PETRONET, based on rolling 12 month earnings, stands at 13.0x.