Prime Highlights
- Gujarat State Petronet shares continued their upward momentum for a third straight session, supported by positive sentiment in the broader equity market.
- Buying interest in select energy stocks increased as benchmark indices like the Nifty 50 and Sensex traded higher.
Key Facts
- The stock rose 1.28% to ₹293.20 on the NSE, while the Nifty 50 gained about 0.6% and the Sensex climbed 0.54% during the session.
- Over the past year, Gujarat State Petronet shares have fallen 18.71%, underperforming both the Nifty 50 and the largely flat Nifty Energy index.
Background
Shares of Gujarat State Petronet Ltd continued their upward move on Tuesday, rising 1.28 per cent to trade at ₹293.20 on the NSE at 12:49 IST. The stock extended its gains for the third straight session, tracking positive sentiment in the broader equity market.
Benchmark indices traded higher during the session. The Nifty 50 was up around 0.6 per cent at 26,122.10, while the Sensex gained 0.54 per cent to trade at 85,390.89. The positive market trend supported buying interest in select energy stocks, including Gujarat State Petronet.
Despite the recent gains, the stock has seen weakness over shorter periods. Gujarat State Petronet has declined about 1.45 per cent over the past one month. In comparison, the Nifty Energy index, of which the company is a constituent, has slipped around 1.2 per cent during the same period. The energy index was trading at 34,796.40, up 0.6 per cent on the day.
On a yearly basis, the stock has underperformed the broader market. Gujarat State Petronet shares have dropped 18.71 per cent over the past year, while the Nifty 50 fell 9.97 per cent. During the same period, the Nifty Energy index stayed mostly flat, slipping just 0.41 per cent.
Gujarat State Petronet trades at a price-to-earnings ratio of 22.3 based on its earnings from the past 12 months as of September 2025. Investors will keep watching overall market trends and sector news to decide the stock’s next move.
