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Indraprastha Gas Gains 4%; BSE OIL & GAS Index Up 1.6%
Fri, 28 Jun 13:47

Indraprastha Gas Gains 4%; BSE OIL & GAS Index Up 1.6%Image source: phive2015/www.istockphoto.com

Indraprastha Gas share price has zoomed 4% and is presently trading at Rs 502.7.

Meanwhile, the BSE OIL & GAS index is at 29,504.0 (up 1.6%).

Among the top gainers in the BSE OIL & GAS index today are Petronet LNG (up 2.6%) and ONGC (up 2.4%).

ADANI TOTAL GAS (down 0.4%) and HPCL (down 0.3%) are among the top losers today.

Over the last one year, Indraprastha Gas has moved up from Rs 483.6 to Rs 502.7, registering a gain of Rs 19.1 (up 3.9%).

On the other hand, the BSE OIL & GAS index has moved up from 17,956.4 to 29,504.0, registering a gain of 64.3% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were GAIL (up 111.4%), IOC (up 85.3%) and HPCL (up 84.2%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 79,255.8 .

The top gainers among the BSE Sensex today are Tata Motors (up 2.4%) and Reliance Ind. (up 2.2%). The most traded stocks in the BSE Sensex are SBI and Tata Steel.

In the meantime, NSE Nifty is at 24,080.1 (up 0.2%). Dr. Reddys and ONGC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,970.0 to 79,255.8, registering a gain of 16,285.8 points (up 25.9%).

Indraprastha Gas Financial Update...

Indraprastha Gas net profit grew 6.7% YoY to Rs 3,518 million for the quarter ended March 2024, compared to a profit of Rs 3,298 million a year ago. Net sales declined 2.3% to Rs 39,644 million during the period as against Rs 40,564 million in January-March 2023.

For the year ended March 2023, Indraprastha Gas reported 9.1% increase in net profit to Rs 16,397 million compared to net profit of Rs 15,023 million during FY22. Revenue of the company grew 83.0% to Rs 126,887 million during FY23.

The current Price to earnings ratio of Indraprastha Gas, based on rolling 12 month earnings, stands at 21.4.


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