Friday, 8 August 2014

Gujarat State Petronet tumles on reporting 33% fall in Q1 net profit

   

     Gujarat State Petronet , a GSPL Group of  company in a pioneer in developing energy  transportation infrastructure and connecting natural gas supply sources including LNG terminals to growing market. GSPL  is continuously expanding its pipeline network currently in Gujarat to reach the demand centres by laying gas pipeline network.
     Gujarat State Petronet's net profit  has declined by 32.69% at Rs 84.99 crore as compared to Rs 126.27 crore for the quarter ended June 30.2013. Its total income has decreased by 21.29% to Rs 243.92 crore fot the quarter under review from Rs 309,91 crore for the corresponding quarter of the previous year.   
     The promoters holding in the company stood at 37.73% while Institutions and Non-Institutions helds 40.37% and 21.90% respectively.
     The BSE  group 'A'  stock of face value Rs.10  has touched a 52 week high of Rs 103.50 on 01-Jul-2014 and 52 week low of Rs.48.10 on 29-Aug-2013.
     The scrip opened at Rs 82.80 and has touched high and low Rs 84.40 and Rs 80.00 respectively.
Gujarat State Petronet is currently trading at Rs.84.00,down by 1.40 points or its 1.64% from its previous closing of Rs.85.40 on the BSE.

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