GAIL share price has plunged 3% and is presently trading at Rs 210.6.
Meanwhile, the BSE OIL & GAS index is at 29,808.9 (down 2.1%).
Among the top losers in the BSE OIL & GAS index today are BPCL (down 3.3%) and Petronet LNG (down 3.0%).
Indraprastha Gas (up 0.6%) and GUJARAT GAS (up 0.6%) are among the top gainers today.
Over the last one year, GAIL has moved up from Rs 123.3 to Rs 210.6, registering a gain of Rs 87.3 (up 70.8%).
On the other hand, the BSE OIL & GAS index has moved up from 19,278.9 to 29,808.9, registering a gain of 54.6% during the last 12 months.
The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 130.9%), BPCL (up 80.4%) and IOC (up 77.2%).
Must See: These Segments are Witnessing Incredible Growth with Modi's Push
The BSE Sensex is at 83,103.5 (up 0.2%).
The top gainers among the BSE Sensex today are NTPC (up 2.4%) and Nestle (up 2.2%). The most traded stocks in the BSE Sensex are NTPC and Tata Steel.
In the meantime, NSE Nifty is at 25,397.8 (up 0.1%). NTPC and Nestle are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 67,596.8 to 83,103.5, registering a gain of 15,506.7 points (up 22.9%).
GAIL net profit grew 92.0% YoY to Rs 27,192 million for the quarter ended June 2024, compared to a profit of Rs 14,160 million a year ago. Net sales rose 6.0% to Rs 348,219 million during the period as against Rs 328,488 million in April-June 2023.
For the year ended March 2024, GAIL reported 77.0% increase in net profit to Rs 99,028 million compared to net profit of Rs 55,959 million during FY23. Revenue of the company fell 8.6% to Rs 1,329,574 million during FY24.
The current Price to earnings ratio of GAIL, based on rolling 12 month earnings, stands at 14.5.
Equitymaster requests your view! Post a comment on "GAIL Plunges 3%; BSE OIL & GAS Index Down 2.1%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!