GUJ. STATE PETRONET Share Price Up by 5%; BSE OIL & GAS Index Up 0.3%

Wed, 26 Aug 09:40 AM

GUJ. STATE PETRONET share price has zoomed 5% and is presently trading at Rs 223.

Meanwhile, the BSE OIL & GAS Index is at 13,398 (up 0.3%).

Among the top Gainers in the BSE OIL & GAS Index today is GUJ. STATE PETRONET (up 5.3%).

RELIANCE IND. (down 0.3%) and PETRONET LNG (down 0.9%) are among the top losers today.

Over the last one year, GUJ. STATE PETRONET has moved up from Rs 214 to Rs 223, registering a gain of Rs 9 (up 4.2%).

On the other hand, the BSE OIL & GAS has moved up from 13,005 to 13,398, registering a gain of 393 points (up 2.8%) during the last 12 months.

The top buzzing stocks among the BSE OIL & GAS Index stocks during this same period were RELIANCE IND. (up 65.6%), INDRAPRASTHA GAS (up 26.6%) and BPCL (up 23.5%).

What About the Benchmark Indices?

The BSE Sensex is at 38,981 (up 0.2%).

The top gainers among the BSE Sensex stocks today are BAJAJ AUTO (up 3.8%), BAJAJ FINSERV (up 2.7%) and INDUSIND BANK (up 2.6%). Other gainers include M&M (up 2.0%) and POWER GRID (up 1.7%). The most traded stocks in the BSE Sensex are ICICI BANK and ONGC.

In the meantime, NSE Nifty is at 11,518 (up 0.3%). The top gainers in the NSE Nifty include HERO MOTOCORP (up 4.5%), BAJAJ AUTO (up 3.9%) and BAJAJ FINSERV (up 2.7%). Other gainers include INDUSIND BANK (up 2.6%) and ADANI PORTS & SEZ (up 2.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 37,494 to 38,981, registering a gain of 1,487 points (up 3.83%).

GUJ. STATE PETRONET Financial Update...

GUJ. STATE PETRONET net profit stood at Rs 2 billion for the quarter ended March 2020, compared to a profit of Rs 2 billion a year ago. Net Sales declined 4.9% to Rs 6.0 billion during the period as against Rs 6.3 billion in January-March 2019.

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 11.4x.

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