Sharemasterindia.com: Gujarat State Petronet (GSPL) shares advanced 13 per cent to hit fresh 52-week high of Rs 141.30.
Meanwhile, Gujarat State Petronet which is engaged in business of developing energy transportation infrastructure for natural gas on Friday that its net profit for the first quarter of FY 16 jumped 32.67 per cent to Rs 112.76 crore compared to Rs 84.99 crore during the same quarter last year.
GSPL's total income increased from Rs 230 crore in Q1FY15 to Rs 259 crore in the recently concluded quarter.
Reacting to these numbers, shares of Gujarat State Petronet came in high demand. Trading volumes on the counter surged nearly nine times as 7,73,000 shares changed hands on the BSE compared to average of 85,000 shares traded daily in the past two weeks.
As of 12:17 p.m., the shares of GSPL were up 8.56 per cent at Rs 135.75.
