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MAHANAGAR GAS Plunges 4%; BSE OIL & GAS Index Down 0.8%
Mon, 28 Oct 9:58

MAHANAGAR GAS Plunges 4%; BSE OIL & GAS Index Down 0.8%Image source: Ivcandy/www.istockphoto.com

MAHANAGAR GAS share price has plunged 4% and is presently trading at Rs 1,433.8.

Meanwhile, the BSE OIL & GAS index is at 27,283.0 (down 0.8%).

Among the top losers in the BSE OIL & GAS index today are Reliance Ind. (down 50.1%) and Petronet LNG (down 3.3%).

HPCL (up 4.4%) and BPCL (up 0.5%) are among the top gainers today.

Over the last one year, MAHANAGAR GAS has moved up from Rs 1,011.4 to Rs 1,433.8, registering a gain of Rs 422.4 (up 41.8%).

On the other hand, the BSE OIL & GAS index has moved up from 18,128.5 to 27,283.0, registering a gain of 50.5% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 136.9%), BPCL (up 81.1%) and GAIL (up 71.3%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,572.0 (up 0.2%).

The top gainers among the BSE Sensex today are ICICI Bank (up 2.9%) and SBI (up 1.9%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Steel.

In the meantime, NSE Nifty is at 24,257.1 (up 0.3%). Shriram Transport and ICICI Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,049.1 to 79,572.0, registering a gain of 15,522.9 points (up 24.2%).

MAHANAGAR GAS Financial Update...

MAHANAGAR GAS net profit fell 16.2% YoY to Rs 2,835 million for the quarter ended September 2024, compared to a profit of Rs 3,385 million a year ago. Net sales rose 13.5% to Rs 19,629 million during the period as against Rs 17,289 million in July-September 2023.

For the year ended March 2024, MAHANAGAR GAS reported 61.6% increase in net profit to Rs 12,764 million compared to net profit of Rs 7,901 million during FY23. Revenue of the company fell 0.2% to Rs 56,659 million during FY24.

The current Price to earnings ratio of MAHANAGAR GAS, based on rolling 12 month earnings, stands at 12.4.


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