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BPCL Gains 5%; BSE OIL & GAS Index Up 1.7%
Tue, 30 Jul 10:21

BPCL Gains 5%; BSE OIL & GAS Index Up 1.7%Image source: hudiemm/www.istockphoto.com

BPCL share price has zoomed 5% and is presently trading at Rs 356.2.

Meanwhile, the BSE OIL & GAS index is at 32,797.4 (up 1.7%).

Among the top gainers in the BSE OIL & GAS index today are HPCL (up 4.1%) and IOC (up 2.9%).

Reliance Ind. (down 0.4%) is among the top losers today.

Over the last one year, BPCL has moved up from Rs 193.5 to Rs 356.2, registering a gain of Rs 162.8 (up 84.1%).

On the other hand, the BSE OIL & GAS index has moved up from 19,480.3 to 32,797.4, registering a gain of 68.4% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were GAIL (up 101.7%), HPCL (up 97.3%) and ONGC (up 94.7%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 81,395.1 .

The top gainers among the BSE Sensex today are Power Grid Corp. (up 4.1%) and NTPC (up 3.5%). The most traded stocks in the BSE Sensex are Tata Steel and Power Grid Corp..

In the meantime, NSE Nifty is at 24,868.3 (up 0.1%). Power Grid Corp. and NTPC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,707.2 to 81,395.1, registering a gain of 14,687.9 points (up 22.0%).

BPCL Financial Update...

BPCL net profit fell 75.8% YoY to Rs 24,622 million for the quarter ended June 2024, compared to a profit of Rs 101,677 million a year ago. Net sales declined 0.1% to Rs 1,281,064 million during the period as against Rs 1,282,636 million in April-June 2023.

For the year ended March 2023, BPCL reported 81.8% decrease in net profit to Rs 21,311 million compared to net profit of Rs 116,815 million during FY22. Revenue of the company grew 58.2% to Rs 4,128,271 million during FY23.

The current Price to earnings ratio of BPCL, based on rolling 12 month earnings, stands at 8.5.


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