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DEEP INDUSTRIES Gains 5%; BSE OIL & GAS Index Up 0.3%
Tue, 8 Oct 9:58

DEEP INDUSTRIES Gains 5%; BSE OIL & GAS Index Up 0.3%Image source: Ivcandy/www.istockphoto.com

DEEP INDUSTRIES share price has zoomed 5% and is presently trading at Rs 427.5.

Meanwhile, the BSE OIL & GAS index is at 29,872.6 (up 0.3%).

Among the top gainers in the BSE OIL & GAS index today are GUJARAT GAS (up 0.8%) and Reliance Ind. (up 0.5%).

HPCL (down 1.6%) and BPCL (down 0.2%) are among the top losers today.

Over the last one year, DEEP INDUSTRIES has moved up from Rs 287.6 to Rs 427.5, registering a gain of Rs 140.0 (up 48.7%).

On the other hand, the BSE OIL & GAS index has moved up from 18,614.2 to 29,872.6, registering a gain of 60.5% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 132.3%), BPCL (up 95.8%) and GAIL (up 85.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,329.8 (up 0.3%).

The top gainers among the BSE Sensex today are MUNDRA PORT & SEZ (up 1.6%) and Hindustan Unilever (up 1.5%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,874.0 (up 0.3%). MUNDRA PORT & SEZ and Bharat Electronics are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,226.0 to 81,329.8, registering a gain of 16,103.7 points (up 24.7%).

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 20.6.


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