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DEEP INDUSTRIES Gains 13%; BSE OIL & GAS Index Down 1.1%
Mon, 9 Sep 9:28

DEEP INDUSTRIES Gains 13%; BSE OIL & GAS Index Down 1.1%Image source: Sefa Ozel/www.istockphoto.com

DEEP INDUSTRIES share price has zoomed 13% and is presently trading at Rs 450.5.

Meanwhile, the BSE OIL & GAS index is at 31,348.8 (down 1.1%).

ONGC (down 2.3%) and HPCL (down 1.9%) are among the top losers today.

Over the last one year, DEEP INDUSTRIES has moved up from Rs 253.9 to Rs 450.5, registering a gain of Rs 196.6 (up 77.4%).

On the other hand, the BSE OIL & GAS index has moved up from 19,009.9 to 31,348.8, registering a gain of 64.9% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 150.9%), BPCL (up 99.0%) and IOC (up 91.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,059.0 (down 0.2%).

The top losers among the BSE Sensex today are Tata Steel (down 1.6%) and NTPC (down 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,813.7 (down 0.2%). ONGC and Tata Steel are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,780.3 to 81,059.0, registering a gain of 15,278.7 points (up 23.2%).

DEEP INDUSTRIES Financial Update...

DEEP INDUSTRIES net profit grew 24.9% YoY to Rs 387 million for the quarter ended June 2024, compared to a profit of Rs 310 million a year ago. Net sales rose 21.9% to Rs 1,235 million during the period as against Rs 1,013 million in April-June 2023.

For the year ended March 2024, DEEP INDUSTRIES reported 0.1% decrease in net profit to Rs 1,252 million compared to net profit of Rs 1,253 million during FY23. Revenue of the company grew 25.1% to Rs 4,270 million during FY24.

The current Price to earnings ratio of DEEP INDUSTRIES, based on rolling 12 month earnings, stands at 21.7.


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