Gujarat State Petronet Ltd., incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 19744.58 Crore) operating in Gas & Petroleum sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 3449.24 Crore, down -9.01 % from last quarter Total Income of Rs 3790.79 Crore and up 126.36 % from last year same quarter Total Income of Rs 1523.76 Crore. Company reported net profit after tax of Rs 706.93 Crore in latest quarter.
Investment Rationale
With sustained move above important averages, the stock is hovering near its all time higher zone. Appearance of a bullish candle on the weekly chart could unlock further upside potential.
Promoter/FII Holdings
Promoters held 37.6 per cent stake in the company as of March 31, 2021, while FIIs held 17.2 per cent, DIIs 30 per cent and public and others 15.2 per cent.
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