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Guj. State Petronet Gains 6%; BSE OIL & GAS Index Up 0.2%
Tue, 27 Aug 9:25

Guj. State Petronet Gains 6%; BSE OIL & GAS Index Up 0.2%Image source: phive2015/www.istockphoto.com

Guj. State Petronet share price has zoomed 6% and is presently trading at Rs 400.3.

Meanwhile, the BSE OIL & GAS index is at 32,609.3 (up 0.2%).

Among the top gainers in the BSE OIL & GAS index today are GUJARAT GAS (up 1.1%) and ONGC (up 0.7%).

BPCL (down 1.0%) and HPCL (down 0.6%) are among the top losers today.

Over the last one year, Guj. State Petronet has moved up from Rs 276.9 to Rs 400.3, registering a gain of Rs 123.4 (up 44.6%).

On the other hand, the BSE OIL & GAS index has moved up from 18,813.3 to 32,609.3, registering a gain of 73.3% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 132.0%), BPCL (up 101.7%) and GAIL (up 100.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,761.3 (up 0.1%).

The top gainers among the BSE Sensex today are HCl Tech. (up 0.9%) and Power Grid Corp. (up 0.9%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 25,021.5 . HCl Tech. and Divis Laboratories are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,433.3 to 81,761.3, registering a gain of 16,328.0 points (up 25.0%).

Guj. State Petronet Financial Update...

Guj. State Petronet net profit grew 21.9% YoY to Rs 5,415 million for the quarter ended June 2024, compared to a profit of Rs 4,441 million a year ago. Net sales rose 15.1% to Rs 48,915 million during the period as against Rs 42,505 million in April-June 2023.

For the year ended March 2023, Guj. State Petronet reported 5.0% increase in net profit to Rs 23,420 million compared to net profit of Rs 22,310 million during FY22. Revenue of the company fell 0.5% to Rs 175,698 million during FY23.

The current Price to earnings ratio of Guj. State Petronet, based on rolling 12 month earnings, stands at 9.9.


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