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Indraprastha Gas Plunges 11%; BSE OIL & GAS Index Down 1.0%
Fri, 18 Oct 10:35

Indraprastha Gas Plunges 11%; BSE OIL & GAS Index Down 1.0%Image source: phive2015/www.istockphoto.com

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

What About the Benchmark Indices?

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 Financial Update...

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.


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