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GITA RENEWABLE Gains 6%; BSE OIL & GAS Index Down 0.0%
Wed, 25 Sep 9:29

GITA RENEWABLE Gains 6%; BSE OIL & GAS Index Down 0.0%Image source: Kameleon007 /www.istockphoto.com

GITA RENEWABLE share price has zoomed 6% and is presently trading at Rs 172.8.

Meanwhile, the BSE OIL & GAS index is at 30,982.6 .

Among the top gainers in the BSE OIL & GAS index today are Petronet LNG (up 0.7%) and GAIL (up 0.3%).

ADANI TOTAL GAS (down 0.8%) and HPCL (down 0.7%) are among the top losers today.

Over the last one year, GITA RENEWABLE has moved up from Rs 123.1 to Rs 172.8, registering a gain of Rs 49.7 (up 40.4%).

On the other hand, the BSE OIL & GAS index has moved up from 18,977.6 to 30,982.6, registering a gain of 63.3% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 139.0%), BPCL (up 93.3%) and IOC (up 84.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 84,903.9 .

The top losers among the BSE Sensex today are Asian Paints (down 0.7%) and Nestle (down 0.6%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Steel.

In the meantime, NSE Nifty is at 25,940.5 . TATA STEEL 2% CCPS and LTIMINDTREE are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,023.7 to 84,903.9, registering a gain of 18,880.2 points (up 28.6%).

GITA RENEWABLE Financial Update...

GITA RENEWABLE net profit fell 41.7% YoY to Rs -2 million for the quarter ended June 2024, compared to a loss of Rs 1 million a year ago. Net sales declined 0.0% to Rs 0 million during the period as against Rs 0 million in April-June 2023.

For the year ended March 2024, GITA RENEWABLE reported 96.6% decrease in net profit to Rs 3 million compared to net profit of Rs 79 million during FY23. Revenue of the company fell 60.0% to Rs 1 million during FY24.

The current Price to earnings ratio of GITA RENEWABLE, based on rolling 12 month earnings, stands at 227.7.


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