Gujarat-Based Low PE Stock Jumps Up to 12% on Friday; FII Stake Rises to 15.54%

DSIJ Intelligence/ 17 Apr 2026 /Categories: Mindshare, Trending

Gujarat-Based Low PE Stock Jumps Up to 12% on Friday; FII Stake Rises to 15.54%

GSPL rises 11.62 per cent with volumes at 1.11 crore shares; stock gains 24 per cent from recent lows, trades at PE of 15

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On Friday, Indian markets traded on a mixed note, with the Nifty 50 rising 0.09 per cent to 24,217.65, up 20.90 points from the previous close of 24196.75. Amid this, Gujarat State Petronet (GSPL) share price was trading at Rs 281.60 as of 09:52 AM, up 11.62 per cent from the previous close of Rs 252.

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The stock has moved up from its recent 52-week low of Rs 226.35, registering a rise of around 24 per cent.

GSPL Share Price Performance and Volume

The stock recorded an Intraday high of Rs 289.00 and was trading at elevated levels during the session. GSPL is currently trading at a Stock P/E of 15.1.

Trading activity remained higher, with volumes at 1.11 crore shares compared to its 20-day average of 0.15 crore shares.

In terms of returns, the stock has gained 4.08 per cent over the past month, while it has declined 12.47 per cent over the past six months and 11.98 per cent over the past one year. The stock has traded in a 52-week range of Rs 226.35 to Rs 360.60. Also, the company has a market capitalisation of Rs 15,868 crore.

GSPL Recent Development

In a recent development, the company received a rectification order under Section 154 of the Income Tax Act, 1961, from the Assistant Commissioner of Income Tax, Gandhinagar. The order revised the assessed income for AY 2024-25 to Rs 1,435 crore from Rs 1,683 crore, with no financial impact on the company’s operations.

GSPL Shareholding Pattern (QoQ)

On a QoQ basis, promoter holding remained stable at 37.63 per cent. Foreign institutional investors (FIIs) marginally increased their stake from 15.49 per cent in December 2025 to 15.54 per cent in March 2026.

Domestic institutional investors (DIIs) increased their holding from 25.08 per cent to 25.36 per cent, indicating steady institutional participation. Public shareholding stood at 19.35 per cent in March 2026.

About GSPL

Gujarat State Petronet Ltd (GSPL) is a leading natural gas infrastructure company engaged in the transmission of natural gas through its extensive pipeline network across India. The company plays a key role in supporting industrial, commercial, and city gas distribution networks, contributing to India’s energy transition towards cleaner fuels.