Gujarat State Petronet rose 1.74% to Rs 207 at 10:09 IST on BSE, extending last session's rise triggered by the the company executing pact for FSRU project-based LNG port in Gujarat.
Meanwhile, the S&P BSE Sensex was up 41.71 points, or 0.13% to 32,431.67.On the BSE, 81,000 shares were traded in the counter so far, compared with average daily volumes of 1.98 lakh shares in the past one quarter. The stock had hit a high of Rs 210 and a low of Rs 203.70 so far during the day. The stock hit a record high of Rs 211.45 on 21 September 2017. The stock hit a 52-week low of Rs 119 on 26 December 2016.
The stock had underperformed the market over the past one month till 19 October 2017, falling 2% compared with 0.03% decline in the Sensex. The scrip had outperformed the market in past one quarter, rising 17.16% as against Sensex's 1.13% rise. The scrip had also outperformed the market in past one year, rising 27.44% as against Sensex's 15.14% rise.
The large-cap company has equity capital of Rs 563.77 crore. Face value per share is Rs 10.
Gujarat State Petronet (GSPL) announced that shareholders and share subscription agreement has been executed among SWAN LNG (SLPL) and the shareholders of SWAN LNG (SLPL) i.e SWAN Energy - (63% equity holding), Gujarat Maritime Board - (15% equity holding), Gujarat State Petronet - (11% equity holding) and FSRU Venture India One, an affiliate of Mitsui OSK Lines, Japan (11% equity holding), for development of Floating Storage and Regassification Unit (FSRU)-based LNG port with a regassification capacity of 5 MMTPA of LNG at Jafrabad in Amreli District, Gujarat by SLPL.
The announcement was made after market hours on Wednesday, 18 October 2017. The stock rose 1.09% to settle at Rs 203.45 on the special one-hour Mahurat trading session on Thursday, 19 October 2017.
The stock has risen 2.86% in two sessions from its close of Rs 201.25 on Wednesday, 18 October 2017.
Net profit of Gujarat State Petronet rose 25.78% to Rs 152.52 crore on 14.80% rise in net sales to Rs 296.34 crore in Q1 June 2017 over Q1 June 2016.
GSPL is a natural gas infrastructure and transmission company engaged in gas transportation business.
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