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GAIL Plunges 3%; BSE OIL & GAS Index Down 2.0%
Wed, 19 Jun 15:40

GAIL share price has plunged 3% and is presently trading at Rs 216.6.

Meanwhile, the BSE OIL & GAS index is at 29,004.1 (down 2.0%).

Among the top losers in the BSE OIL & GAS index today are GUJARAT GAS (down 3.4%) and HPCL (down 2.5%).

Over the last one year, GAIL has moved up from Rs 107.3 to Rs 216.6, registering a gain of Rs 109.3 (up 101.9%).

On the other hand, the BSE OIL & GAS index has moved up from 18,341.4 to 29,004.1, registering a gain of 58.1% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were GAIL (up 101.9%), HPCL (up 87.6%) and IOC (up 79.1%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 77,337.6 .

The top gainers among the BSE Sensex today are Axis Bank (up 3.2%) and HDFC Bank (up 3.0%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Steel.

In the meantime, NSE Nifty is at 23,521.4 (down 0.2%). Titan and Maruti Suzuki are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,228.5 to 77,337.6, registering a gain of 14,109.1 points (up 22.3%).

GAIL Financial Update...

GAIL net profit grew 546.9% YoY to Rs 20,600 million for the quarter ended March 2024, compared to a profit of Rs 3,184 million a year ago. Net sales declined 1.3% to Rs 328,332 million during the period as against Rs 332,641 million in January-March 2023.

For the year ended March 2023, GAIL reported 54.5% decrease in net profit to Rs 55,959 million compared to net profit of Rs 123,036 million during FY22. Revenue of the company grew 57.0% to Rs 1,454,616 million during FY23.

The current Price to earnings ratio of GAIL, based on rolling 12 month earnings, stands at 17.3.

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