Gujarat Gas zooms 17% in weak market on strong Q1 results

On the NNSE, the stock was trading close to its 52-week high level of Rs 194 touched on June 3, 2019

Shares of Gujarat Gas zoomed 17 per cent to Rs 192 in Wednesday's early morning trade on the BSE in an otherwise weak market after the company reported a strong 92 per cent jump in net profit at Rs 234 crore in June 2019 quarter (Q1FY19) on the back of healthy volume growth. The integrated oil & gas Company had registered a profit of Rs 122 crore in the same quarter of last fiscal.

On the National Stock Exchange (NSE), the stock rallied 12 per cent to Rs 183 in early morning trade. It was trading close to its