Gujarat State Petronet Ltd Share Price – NSE  /  BSE

Gas Distribution, Small Cap

Persistent Systems Ltd, Thermax Ltd, Marksans Pharma Ltd and Birla Corporation Ltd are among the other losers in the BSE's 'A' group today, 22 April 2024.

Gujarat State Petronet Ltd tumbled 19.99% to Rs 302.3 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 10.87 lakh shares were traded on the counter so far as against the average daily volumes of 49892 shares in the past one month.

Persistent Systems Ltd crashed 10.00% to Rs 3498.85. The stock was the second biggest loser in 'A' group.On the BSE, 1.32 lakh shares were traded on the counter so far as against the average daily volumes of 9098 shares in the past one month.

Thermax Ltd lost 3.83% to Rs 4630. The stock was the third biggest loser in 'A' group.On the BSE, 8122 shares were traded on the counter so far as against the average daily volumes of 5367 shares in the past one month.

Marksans Pharma Ltd plummeted 3.81% to Rs 167.75. The stock was the fourth biggest loser in 'A' group.On the BSE, 2.67 lakh shares were traded on the counter so far as against the average daily volumes of 6.2 lakh shares in the past one month.

Birla Corporation Ltd pared 3.17% to Rs 1458. The stock was the fifth biggest loser in 'A' group.On the BSE, 7744 shares were traded on the counter so far as against the average daily volumes of 6938 shares in the past one month.

Powered by Capital Market - Live News

The new tariff, set at Rs 18.1/mmbtu and effective from 1 May 2024, represents a 47% decrease from the existing rate (Rs 34/mmbtu) and falls far short of GSPL's requested range of Rs 51-54/mmbtu.

This regulatory decision has triggered a downgrade from a domestic brokerage, which lowered its rating on GSPL from buy to reduce and revised its price target to Rs 360. The brokerage anticipates a significant negative impact on GSPL's earnings due to the reduced tariff, with a potential decline in Return on Capital Employed (RoCE) from an average of 24% over FY19-23 to a much lower range of 11-12%.

Gujarat State Petronet's primary business objective is to connect various supply sources and users of natural gas in Gujarat through its gas pipeline network. GSPL is the leader in natural gas transmission business in Gujarat and is the second-largest natural gas transmission player in India.

GSPL reported 53.47% jump in standalone net profit to Rs 262.18 crore on 37.73% increase in net sales to Rs 554.24 crore in Q3 FY24 over Q3 FY23.

Powered by Capital Market - Live News

Persistent Systems Ltd, Bombay Burmah Trading Corporation Ltd, Maharashtra Scooters Ltd, Trent Ltd are among the other stocks to see a surge in volumes on BSE today, 22 April 2024.

Gujarat State Petronet Ltd notched up volume of 5.04 lakh shares by 10:46 IST on BSE, a 7.74 fold spurt over two-week average daily volume of 65142 shares. The stock slipped 19.99% to Rs.302.30. Volumes stood at 28215 shares in the last session.

Persistent Systems Ltd saw volume of 43620 shares by 10:46 IST on BSE, a 5.41 fold spurt over two-week average daily volume of 8062 shares. The stock dropped 7.36% to Rs.3,601.40. Volumes stood at 4365 shares in the last session.

Bombay Burmah Trading Corporation Ltd clocked volume of 10373 shares by 10:46 IST on BSE, a 3.95 times surge over two-week average daily volume of 2628 shares. The stock gained 4.21% to Rs.1,561.45. Volumes stood at 2797 shares in the last session.

Maharashtra Scooters Ltd clocked volume of 1098 shares by 10:46 IST on BSE, a 3.39 times surge over two-week average daily volume of 324 shares. The stock gained 6.35% to Rs.7,973.45. Volumes stood at 121 shares in the last session.

Trent Ltd recorded volume of 2.15 lakh shares by 10:46 IST on BSE, a 3.07 times surge over two-week average daily volume of 69998 shares. The stock gained 1.00% to Rs.4,194.25. Volumes stood at 2.38 lakh shares in the last session.

Powered by Capital Market - Live News

Gujarat State Petronet will hold a meeting of the Board of Directors of the Company on 8 May 2024.

Powered by Capital Market - Live News