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GULF OIL LUBRICANTS Gains 4%; BSE OIL & GAS Index Down 1.1%
Wed, 10 Jul 11:31

GULF OIL LUBRICANTS Gains 4%; BSE OIL & GAS Index Down 1.1%Image source: Eoneren/www.istockphoto.com

GULF OIL LUBRICANTS share price has zoomed 4% and is presently trading at Rs 1,231.8.

Meanwhile, the BSE OIL & GAS index is at 30,085.7 (down 1.1%).

Among the top gainers in the BSE OIL & GAS index today is Indraprastha Gas (up 1.1%).

Petronet LNG (down 2.3%) and GAIL (down 1.7%) are among the top losers today.

Over the last one year, GULF OIL LUBRICANTS has moved up from Rs 476.0 to Rs 1,231.8, registering a gain of Rs 755.9 (up 158.8%).

On the other hand, the BSE OIL & GAS index has moved up from 19,003.7 to 30,085.7, registering a gain of 58.3% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were GAIL (up 106.4%), ONGC (up 80.3%) and IOC (up 74.5%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,627.7 (down 0.9%).

The top losers among the BSE Sensex today are M&M (down 6.6%) and HCl Tech. (down 2.6%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,216.3 (down 0.9%). M&M and HCl Tech. are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,344.2 to 79,627.7, registering a gain of 14,283.5 points (up 21.9%).

GULF OIL LUBRICANTS Financial Update...

GULF OIL LUBRICANTS net profit grew 39.7% YoY to Rs 869 million for the quarter ended March 2024, compared to a profit of Rs 622 million a year ago. Net sales rose 9.8% to Rs 8,696 million during the period as against Rs 7,921 million in January-March 2023.

For the year ended March 2023, GULF OIL LUBRICANTS reported 10.1% increase in net profit to Rs 2,323 million compared to net profit of Rs 2,111 million during FY22. Revenue of the company grew 36.8% to Rs 29,991 million during FY23.

The current Price to earnings ratio of GULF OIL LUBRICANTS, based on rolling 12 month earnings, stands at 19.7.


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