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DEEP INDUSTRIES Gains 8%; BSE OIL & GAS Index Up 0.1%
Wed, 30 Oct 12:58

DEEP INDUSTRIES Gains 8%; BSE OIL & GAS Index Up 0.1%Image source: Sakorn BernardaSv/www.istockphoto.com

DEEP INDUSTRIES share price has zoomed 8% and is presently trading at Rs 471.8.

Meanwhile, the BSE OIL & GAS index is at 27,661.6 (up 0.1%).

Among the top gainers in the BSE OIL & GAS index today are Indraprastha Gas (up 2.4%) and ADANI TOTAL GAS (up 0.9%).

HPCL (down 1.5%) and ONGC (down 0.5%) are among the top losers today.

Over the last one year, DEEP INDUSTRIES has moved up from Rs 257.5 to Rs 471.8, registering a gain of Rs 214.3 (up 83.2%).

On the other hand, the BSE OIL & GAS index has moved up from 18,265.6 to 27,661.6, registering a gain of 51.4% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 133.4%), BPCL (up 80.1%) and GAIL (up 73.9%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,282.1 (down 0.1%).

The top losers among the BSE Sensex today are ICICI Bank (down 1.7%) and Infosys (down 1.3%). The most traded stocks in the BSE Sensex are Tata Motors and Tata Steel.

In the meantime, NSE Nifty is at 24,449.9 (down 0.1%). Cipla and Dr. Reddys are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,112.7 to 80,282.1, registering a gain of 16,169.5 points (up 25.2%).

DEEP INDUSTRIES Financial Update...

DEEP INDUSTRIES net profit grew 40.7% YoY to Rs 415 million for the quarter ended September 2024, compared to a profit of Rs 295 million a year ago. Net sales rose 28.9% to Rs 1,306 million during the period as against Rs 1,013 million in July-September 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 20.8.


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