GAIL Plunges by 10%; BSE OIL & GAS Index Down 2.5%

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GAIL Plunges by 10%; BSE OIL & GAS Index Down 2.5%
Thu, 6 Jun 01:38 PM

GAIL share price has plunged 10% and is presently trading at Rs 339.

Meanwhile, the BSE OIL & GAS Index is at 15,694 (down 2.5%).

Among the top losers in the BSE OIL & GAS Index today is GAIL (down 10.3%).

INDRAPRASTHA GAS (up 1.3%) is among the top gainer today.

Over the last one year, GAIL has moved up from Rs 334 to Rs 339, registering a gain of Rs 4 (up 1.3%)..

The BSE OIL & GAS has moved up from 14,336 to 15,694, registering a gain of 1,358 points (up 9.5%) during the last 12 months.

The top gainers among the BSE OIL & GAS Index stocks during this same period were RELIANCE IND. (up 41.9%), INDRAPRASTHA GAS (up 30.3%) and PETRONET LNG (up 10.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 40,159 (down 1.0%). The top gainers among the BSE Sensex stocks today are HCL TECHNOLOGIES (up 1.6%). The most traded stocks in the BSE Sensex are POWER GRID and COAL INDIA.

In the meantime, NSE Nifty is at 12,040 (down 1.1%). ASIAN PAINTS (up 1.7%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,012 to 40,159, registering a gain of 5,147 points (up 13.3%).

GAIL Financial Update...

GAIL net profit down at Rs 11 billion for the quarter ended March 2019, compared to a loss of Rs 17 billion a year ago. Net Sales declined 5.2% to Rs 187.6 billion during the period as against Rs 197.9 billion in January-March 2018.

For the year ended March 2018, GAIL reported 24.3% increase in net profit to Rs 46.5 billion compared to net profit of Rs 37.4 billion during FY17.

Revenue of the company grew 10.9% to Rs 547 billion during FY18.

The current Price to earnings ratio of GAIL, based on rolling 12 month earnings, stands at 12.0x.



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