Gujarat Gas gains as quarterly profit jumps 2.8 times

Gujarat Gas Company (GGCL),a private sector player in the natural gas transmission and distribution business, gained on Friday after it reported a surge of 2.84 times in consolidated net profit for the quarter ended December 2012.

During the quarter, the consolidated net profit of the company increased to Rs 706 million as compared with Rs 250 million in the same period last year. Shares of the company are trading at Rs 295.65, up Rs 5.55, or 1.91% at the Bombay Stock Exchange (BSE) on Friday at 10:34 a.m.The scrip has touched an intra-day high of Rs 300 and low of Rs 293.80. The total volume of shares traded at the BSE is 15,477.In the earlier session, the shares lost 0.72%, or Rs 2.1, at Rs 290.10. Currently, the stock is trading down 32.35% from its 52-week high of Rs 437 and above 9.5% over the 52-week low of Rs 270.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 288.90 1.20 0.42 1 Month 310.20 (20.10) (6.48) 3 Months 299.40 (9.30) (3.11) 6 Months 298.45 (8.35) (2.80) 1 Year 388.90 (98.80) (25.40) Note: Based on previous day closing price.