INDRAPRASTHA GAS Plunges by 16%; BSE OIL & GAS Index Down 7.3%
March 19, 2020 09:39 AM

INDRAPRASTHA GAS share price has plunged 16% and is presently trading at Rs 340.

Meanwhile, the BSE OIL & GAS Index is at 9,359 (down 7.3%).

Among the top losers in the BSE OIL & GAS Index today are INDRAPRASTHA GAS (down 15.5%) and OIL INDIA (down 12.8%).

Over the last one year, INDRAPRASTHA GAS has moved up from Rs 290 to Rs 340, registering a gain of Rs 50 (up 17.3%)..

The BSE OIL & GAS has moved down from 15,187 to 9,359, loss of 5,828 points (down 38.4%) during the last 12 months.

The top gainers among the BSE OIL & GAS Index stocks during this same period were [param_historic_top3].

What About the Benchmark Indices?

The BSE Sensex is at 27,773 (down 6.2%). The top gainers among the BSE Sensex stocks today are POWER GRID (up 1.4%). The most traded stocks in the BSE Sensex are POWER GRID.

In the meantime, NSE Nifty is at 8,099 (down 6.2%). POWER GRID (up 2.1%) and NTPC (up 1.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,095 to 27,773, registering a loss of 10,322 points (down 28.91%).

INDRAPRASTHA GAS Financial Update...

INDRAPRASTHA GAS net profit stood at Rs 3 billion for the quarter ended December 2019, compared to a profit of Rs 2 billion a year ago. Net Sales rose 10.4% to Rs 18.4 billion during the period as against Rs 16.6 billion in October-December 2018.

For the year ended March 2019, INDRAPRASTHA GAS reported 16.2% increase in net profit to Rs 7.6 billion compared to net profit of Rs 6.5 billion during FY18.

Revenue of the company grew 26.9% to Rs 64 billion during FY19.

The current Price to earnings ratio of INDRAPRASTHA GAS, based on rolling 12 month earnings, stands at 18.1x.