SUZLON ENERGY Surges by 11%; BSE OIL & GAS Index Down 0.8%

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SUZLON ENERGY share price has zoomed 11% and is presently trading at Rs 5.

Meanwhile, the BSE OIL & GAS Index is at 14,853 (down 0.8%).

Among the top Gainers in the BSE OIL & GAS Index today is SUZLON ENERGY (up 10.8%).

GAIL (down 0.6%) and CASTROL INDIA (down 0.7%) are among the top losers today.

Over the last one year, SUZLON ENERGY has moved down from Rs 8 to Rs 5, registering a loss of Rs 2 (down 33.9%).

On the other hand, the BSE OIL & GAS has moved up from 14,445 to 14,853, registering a gain of 408 points (up 2.0%) during the last 12 months.

The top gainers among the BSE OIL & GAS Index stocks during this same period were INDRAPRASTHA GAS (up 25.7%), RELIANCE IND. (up 22.9%) and PETRONET LNG (up 15.3%).

What About the Benchmark Indices?

The BSE Sensex is at 39,300 (up 0.2%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 1.3%), L&T (up 1.1%) and ASIAN PAINTS (up 0.9%). Other gainers include BHARTI AIRTEL (up 0.9%) and SBI (up 0.8%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,754 (up 0.1%). HINDALCO (up 2.3%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,432 to 39,300, registering a gain of 3,868 points (up 10.9%).

SUZLON ENERGY Financial Update…

SUZLON ENERGY net profit down at Rs 3 billion for the quarter ended March 2019, compared to a loss of Rs 386 million a year ago. Net Sales rose 31.7% to Rs 14.4 billion during the period as against Rs 11.0 billion in January-March 2018.

For the year ended March 2018, SUZLON ENERGY reported 193.2% decrease in net profit to Rs 8.4 billion compared to net profit of Rs 9.0 billion during FY17.

Revenue of the company grew 34.7% to Rs 83 billion during FY18.

The current Price to earnings ratio of SUZLON ENERGY, based on rolling 12 month earnings, stands at down 1.7x. p >

This article (SUZLON ENERGY Surges by 11%; BSE OIL & GAS Index Down 0.8%) is authored by Equitymaster.

Equitymaster is a leading ‘independent’ equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.


Post Author: kwiknewz

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