335.05
-0.03%
ICICI Securities Limited
Gujarat State Petronet’s (GSPL) Q1FY24 revenue was flat QoQ while declining YoY, even as volumes recovered 17% QoQ (flat YoY). New tariff from 1st Apr’23 led to the miss, with 11% / 13% YoY / QoQ decline in blended tariffs for Q1. Transmission volumes of 29.4mmscmd reached a 5-quarter high and we believe the trajectory will likely keep growing.
Gujarat State Petronet Ltd. is trading below its 200 day SMA of 344.0
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