 "Analysts at Motilal Oswal Financial Services, however, remain positive on the stock on better-than-expected performance.")
Shares of Gujarat Gas skid up to 3.8 per cent to Rs 297.75 on the BSE on Wednesday after the company's June quarter profit tumbled 75 per cent to Rs 59 crore, compared to Rs 234 crore-profit logged in the year-ago quarter.
At close, the stock pared its losses and was down just 0.58 per cent at Rs 308 apiece, as against 25 points, or 0.07 per cent, decline in the S&P BSE Sensex.
At close, the stock pared its losses and was down just 0.58 per cent at Rs 308 apiece, as against 25 points, or 0.07 per cent, decline in the S&P BSE Sensex.
The oil and gas firm posted a consolidated net profit of Rs 59.07 crore, down 74.76 per cent YoY. The net profit margin in Q1FY21,
