GSPL rises after strong Q4 earnings

The result was announced after trading hours on Thursday, 30 May 2013.

Meanwhile, the S&P BSE Sensex was down 315.98 points, or 1.56%, to 19,899.42.

On BSE, 2.03 lakh shares were traded in the counter as against an average daily volume of 1.22 lakh shares in the past one quarter.

The stock hit a high of Rs 61 and a low of Rs 59.55 so far during the day. The stock had hit a 52-week low of Rs 57.25 on Thursday, 30 May 2013. The stock had hit a 52-week high of Rs 84 on 5 October 2012.

The stock had underperformed the market over the past one month till 30 May 2013, sliding 13.98% compared with the Sensex's 3.65% rise. The scrip had also underperformed the market in past one quarter, falling 10.93% as against Sensex's 7.18% rise.

The mid-cap company has an equity capital of Rs 562.71 crore. Face value per share is Rs 10.

Gujarat State Petronet's (GSPL) net profit rose 3.08% to Rs 538.12 crore on 4.03% rise in net sales to Rs 1160.29 crore in the year ended March 2013 over the year ended March 2012.

GSPL was set up to complement the efforts of Gujarat State Petroleum Corporation (GSPC). While GSPC harnesses and procures natural gas, GSPL is building the infrastructure that transmits the gas across Gujarat and ultimately allows last-mile linkage to the end-user. GSPL is laying a gas grid to facilitate gas transmission from supply points to demand centres.

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