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DEEP INDUSTRIES Gains 4%; BSE OIL & GAS Index Up 0.3%
Thu, 11 Jul 10:15

DEEP INDUSTRIES Gains 4%; BSE OIL & GAS Index Up 0.3%Image source: asbe/www.istockphoto.com

DEEP INDUSTRIES share price has zoomed 4% and is presently trading at Rs 320.5.

Meanwhile, the BSE OIL & GAS index is at 30,537.8 (up 0.3%).

Among the top gainers in the BSE OIL & GAS index today are HPCL (up 2.2%) and BPCL (up 1.2%).

GUJARAT GAS (down 1.1%) and Indraprastha Gas (down 0.9%) are among the top losers today.

Over the last one year, DEEP INDUSTRIES has moved up from Rs 194.5 to Rs 320.5, registering a gain of Rs 126.0 (up 64.8%).

On the other hand, the BSE OIL & GAS index has moved up from 19,003.7 to 30,537.8, registering a gain of 60.7% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were GAIL (up 109.0%), ONGC (up 82.3%) and IOC (up 77.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,987.4 (up 0.1%).

The top gainers among the BSE Sensex today are Tata Motors (up 1.2%) and Tata Steel (up 1.1%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,286.1 (down 0.2%). Nestle and Sun Pharma are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,344.2 to 79,987.4, registering a gain of 14,643.2 points (up 22.4%).

DEEP INDUSTRIES Financial Update...

DEEP INDUSTRIES net profit fell 49.2% YoY to Rs 367 million for the quarter ended March 2024, compared to a profit of Rs 723 million a year ago. Net sales rose 15.7% to Rs 1,197 million during the period as against Rs 1,035 million in January-March 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 16.4.


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