State-Owned Gas Sector Co Set To Pay Dividend, Shares Trading 3% Away From 52-Week Low

Mid cap company operating in gas & petroleum sector, Gujarat Gas Ltd on Tuesday said that it will pay dividend on or before October 28, 2023. Last trading price of Gujarat Gas share is Rs 454.45 apiece. Gujarat Gas shares are trading 3% away from 52-week low price of Rs 439.00 apiece. Check details below:

Gujarat Gas To Pay Dividend On Or Before October 28: According to the BSE filing of Gujarat Gas, "Dividend Payout Date if declared at the 11th Annual General Meeting scheduled to be held on 29th September, 2023 will be On or before Saturday, 28th October, 2023 to the Members whose name appears on the Company's Register of Members as on the Record Date i.e. Monday, 11th September, 2023 as Beneficial owners as at the close of business hours on Monday, 11th September, 2023, as per the list to be furnished by the Depositories in respect of the shares held in electronic form and for physical shareholders after giving effect to all valid share transfer in physical form received as at the close of business hours on Monday, 11th September, 2023."

Gujarat Gas Stock Performance & Return: Last trading price of Gujarat Gas Ltd is Rs 454.45 apiece. Its 52-week high price is Rs 539.00 apiece and 52-week low price is Rs 439.00 apiece, respectively. It has a market capitalisation of Rs 31,283.89 crore. Gujarat Gas shares declined 7% in last 1-year, fell 36% in last 2-years, and gave return of 41% in last 3-years.

Gujarat Gas Financial Performance: The company for the quarter ended June 30, 2023 declared its consolidated total income at Rs 5,117.20 crore, down 38.63% as against its last quarter total income of Rs 8,338.61 crore. The company announced its recent quarter net profit after tax at Rs -360.00 crore.

Gujarat Gas About: Gujarat Gas Limited (GGL) is India's largest City Gas Distribution (CGD) Company in terms of sales volume operating in 44 districts in 6 states of Gujarat, Maharashtra, Rajasthan, Haryana, Punjab & Madhya Pradesh and 1 Union territory of Dadra & Nagar Haveli, according to its official website.

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