Gujarat Gas retreats on weak Q4 results

Gujarat Gas fell 2.23% to Rs 733.80 at 9:25 IST on BSE after net profit fell 53.77% to Rs 33.14 crore on 1.75% rise in total income to Rs 1444.82 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours yesterday, 24 May 2017.

The stock has dropped 6.81% in six sessions to its ruling price of Rs 733.80 from a close of Rs 787.45 on 17 May 2017.

Meanwhile, the S&P BSE Sensex was up 103.33 points or 0.34% at 30,404.97.

On the BSE, 155 shares were traded on the counter so far as against the average daily volumes of 23,096 shares in the past one quarter. The stock had hit a high of Rs 739 and a low of Rs 721.60 so far during the day.

The large-cap company has equity capital of Rs 137.68 crore. Face value per share is Rs 10.

Gujarat Gas said that board of directors of the company recommended dividend of Rs 3 per share for the financial year ended 31 March 2017 (FY 2017).

Gujarat Gas is a city gas distribution company.

Powered by Capital Market - Live News