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Guj. State Petronet Gains 6%; BSE OIL & GAS Index Down 0.1%
Mon, 2 Sep 13:13

Guj. State Petronet Gains 6%; BSE OIL & GAS Index Down 0.1%Image source: DNY59/www.istockphoto.com

Guj. State Petronet share price has zoomed 6% and is presently trading at Rs 463.8.

Meanwhile, the BSE OIL & GAS index is at 32,948.4 (down 0.1%).

Among the top gainers in the BSE OIL & GAS index today are GUJARAT GAS (up 11.5%) and HPCL (up 2.9%).

GAIL (down 1.2%) and ONGC (down 1.0%) are among the top losers today.

Over the last one year, Guj. State Petronet has moved up from Rs 274.2 to Rs 463.8, registering a gain of Rs 189.7 (up 69.2%).

On the other hand, the BSE OIL & GAS index has moved up from 18,794.1 to 32,948.4, registering a gain of 75.3% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 145.1%), BPCL (up 101.4%) and GAIL (up 100.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,488.3 (up 0.1%).

The top gainers among the BSE Sensex today are Bajaj Finserv (up 3.4%) and HCl Tech. (up 3.1%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 25,262.1 (up 0.1%). Bajaj Finserv and HCl Tech. are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,075.8 to 82,488.3, registering a gain of 17,412.4 points (up 26.8%).

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 2024, Guj. State Petronet reported 6.8% decrease in net profit to Rs 21,837 million compared to net profit of Rs 23,420 million during FY23. Revenue of the company fell 5.0% to Rs 166,921 million during FY24.

The current Price to earnings ratio of Guj. State Petronet, based on rolling 12 month earnings, stands at 11.5.


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