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GAIL Plunges 3%; BSE OIL & GAS Index Down 2.1%
Thu, 19 Sep 14:54

GAIL Plunges 3%; BSE OIL & GAS Index Down 2.1%Image source: Sakorn BernardaSv/www.istockphoto.com

GAIL share price has plunged 3% and is presently trading at Rs 210.6.

Meanwhile, the BSE OIL & GAS index is at 29,808.9 (down 2.1%).

Among the top losers in the BSE OIL & GAS index today are BPCL (down 3.3%) and Petronet LNG (down 3.0%).

Indraprastha Gas (up 0.6%) and GUJARAT GAS (up 0.6%) are among the top gainers today.

Over the last one year, GAIL has moved up from Rs 123.3 to Rs 210.6, registering a gain of Rs 87.3 (up 70.8%).

On the other hand, the BSE OIL & GAS index has moved up from 19,278.9 to 29,808.9, registering a gain of 54.6% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 130.9%), BPCL (up 80.4%) and IOC (up 77.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 83,103.5 (up 0.2%).

The top gainers among the BSE Sensex today are NTPC (up 2.4%) and Nestle (up 2.2%). The most traded stocks in the BSE Sensex are NTPC and Tata Steel.

In the meantime, NSE Nifty is at 25,397.8 (up 0.1%). NTPC and Nestle are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,596.8 to 83,103.5, registering a gain of 15,506.7 points (up 22.9%).

GAIL Financial Update...

GAIL net profit grew 92.0% YoY to Rs 27,192 million for the quarter ended June 2024, compared to a profit of Rs 14,160 million a year ago. Net sales rose 6.0% to Rs 348,219 million during the period as against Rs 328,488 million in April-June 2023.

For the year ended March 2024, GAIL reported 77.0% increase in net profit to Rs 99,028 million compared to net profit of Rs 55,959 million during FY23. Revenue of the company fell 8.6% to Rs 1,329,574 million during FY24.

The current Price to earnings ratio of GAIL, based on rolling 12 month earnings, stands at 14.5.


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