SUZLON ENERGY Surges by 7%; BSE OIL & GAS Index Up 0.5%
October 4, 2019 09:28 AM

SUZLON ENERGY share price has zoomed 7% and is presently trading at Rs 2.

Meanwhile, the BSE OIL & GAS Index is at 15,073 (up 0.5%).

Among the top Gainers in the BSE OIL & GAS Index today is SUZLON ENERGY (up 7.4%).

IOC (down 0.1%) and OIL INDIA (down 0.1%) are among the top losers today.

Over the last one year, SUZLON ENERGY has moved down from Rs 6 to Rs 2, registering a loss of Rs 3 (down 58.2%).

On the other hand, the BSE OIL & GAS has moved up from 14,886 to 15,073, registering a gain of 187 points (up 0.7%) during the last 12 months.

The top gainers among the BSE OIL & GAS Index stocks during this same period were INDRAPRASTHA GAS (up 46.8%), BPCL (up 41.7%) and HPCL (up 28.4%).

What About the Benchmark Indices?

The BSE Sensex is at 38,404 (up 0.7%).

The top gainers among the BSE Sensex stocks today are YES BANK (up 7.4%), INDUSIND BANK (up 2.4%) and SBI (up 1.4%). Other gainers include VEDANTA LTD (up 1.3%) and HDFC (up 1.2%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,400 (up 0.6%). YES BANK (up 6.2%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,976 to 38,404, registering a gain of 2,428 points (up 6.7%).

SUZLON ENERGY Financial Update...

SUZLON ENERGY net profit down at Rs 3 billion for the quarter ended June 2019, compared to a loss of Rs 386 million a year ago. Net Sales declined 23.2% to Rs 8.4 billion during the period as against Rs 11.0 billion in April-June 2018.

For the year ended March 2019, SUZLON ENERGY reported 85.8% increase in net profit to Rs 15.6 billion compared to net profit of Rs 8.4 billion during FY18.

Revenue of the company grew 38.3% to Rs 50 billion during FY19.

The current Price to earnings ratio of SUZLON ENERGY, based on rolling 12 month earnings, stands at down 1.0x.