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Gujarat Petronet plunges on weak earnings

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Reuters
Last Updated : Aug 08 2014 | 10:15 AM IST

Reuters Market Eye - Shares of Gujarat State Petronet Ltd fall as much as 6.6 percent after the company reported weak April-June net profit.

"Net profit was below our estimates primarily due to lower tariff billed to one of the customers," JM Financial said in a note on Friday.

(Reporting by Indulal P)

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First Published: Aug 08 2014 | 10:04 AM IST

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