Indraprastha Gas share price has plunged 11% and is presently trading at Rs 447.9.
Meanwhile, the BSE OIL & GAS index is at 29,433.9 (down 1.0%).
Among the top losers in the BSE OIL & GAS index today are GUJARAT GAS (down 3.3%) and HPCL (down 1.6%).
Over the last one year, Indraprastha Gas has moved down from Rs 480.7 to Rs 447.9, registering a loss of Rs 32.8 (down 6.8%).
On the other hand, the BSE OIL & GAS index has moved up from 19,000.3 to 29,433.9, registering a gain of 54.9% during the last 12 months.
The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 149.2%), BPCL (up 94.4%) and IOC (up 79.7%).
Dear Reader: If You Invest in Midcap Stocks, this is for You
The BSE Sensex is at 80,735.3 (down 0.3%).
The top losers among the BSE Sensex today are Infosys (down 4.3%) and Tech Mahindra (down 2.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.
In the meantime, NSE Nifty is at 24,741.6 . Infosys and ITC are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 66,166.9 to 80,735.3, registering a gain of 14,568.4 points (up 22.0%).
Indraprastha Gas net profit fell 8.9% YoY to Rs 3,995 million for the quarter ended June 2024, compared to a profit of Rs 4,384 million a year ago. Net sales rose 3.4% to Rs 38,915 million during the period as against Rs 37,619 million in April-June 2023.
For the year ended March 2024, Indraprastha Gas reported 21.0% increase in net profit to Rs 19,834 million compared to net profit of Rs 16,397 million during FY23. Revenue of the company fell 1.0% to Rs 125,435 million during FY24.
The current Price to earnings ratio of Indraprastha Gas, based on rolling 12 month earnings, stands at 19.6.
Equitymaster requests your view! Post a comment on "Indraprastha Gas Plunges 11%; BSE OIL & GAS Index Down 1.0%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!