Gujarat State Petronet inches up after strong Q4 earnings

Gujarat State Petronet rose 0.81% to Rs 137 at 9:21 IST on BSE after net profit rose 48.6% to Rs 99.70 crore on 2.1% decline in total income to Rs 244.98 crore in Q4 March 2016 over Q4 March 2015.

The result was announced after market hours yesterday, 19 May 2016.

Meanwhile, the S&P BSE Sensex was up 40.39 points or 0.16% at 25,440.11.

On BSE, so far 8,546 shares were traded in the counter as against average daily volume of 16,000 shares in the past two weeks. The stock hit a high of Rs 140.50 and a low of Rs 136.50 so far during the day. The stock had hit a record high of Rs 153.50 on 8 January 2016. The stock had hit a 52-week low of Rs 108 on 23 September 2015.

The mid-cap company has equity capital of Rs 563.34 crore. Face value per share is Rs 10.

Gujarat State Petronet (GSPL) is a pioneer in developing energy transportation infrastructure and connecting natural gas supply sources including LNG terminals to growing markets.

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