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Indraprastha Gas Plunges 3%; BSE OIL & GAS Index Down 0.5%
Tue, 12 Nov 10:3

Indraprastha Gas Plunges 3%; BSE OIL & GAS Index Down 0.5%Image source: DNY59/www.istockphoto.com

Indraprastha Gas share price has plunged 3% and is presently trading at Rs 426.4.

Meanwhile, the BSE OIL & GAS index is at 26,961.0 (down 0.5%).

Among the top losers in the BSE OIL & GAS index today are GAIL (down 2.2%) and Petronet LNG (down 1.6%).

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

Over the last one year, Indraprastha Gas has moved up from Rs 396.0 to Rs 426.4, registering a gain of Rs 30.4 (up 7.7%).

On the other hand, the BSE OIL & GAS index has moved up from 19,354.6 to 26,961.0, registering a gain of 39.3% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 92.5%), BPCL (up 62.1%) and Petronet LNG (up 61.1%).

For Investors: Our Big Prediction

What About the Benchmark Indices?

The BSE Sensex is at 79,481.2 .

The top losers among the BSE Sensex today are Asian Paints (down 1.4%) and NTPC (down 1.2%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,229.1 (up 0.4%). Trent and ICICI Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,975.6 to 79,481.2, registering a gain of 14,505.6 points (up 22.3%).

Indraprastha Gas Financial Update...

Indraprastha Gas net profit fell 21.4% YoY to Rs 3,637 million for the quarter ended September 2024, compared to a profit of Rs 4,625 million a year ago. Net sales rose 7.0% to Rs 40,884 million during the period as against Rs 38,225 million in July-September 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 19.8.


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