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GULF OIL LUBRICANTS Gains 5%; BSE OIL & GAS Index Down 0.7%
Tue, 13 Aug 13:0

GULF OIL LUBRICANTS Gains 5%; BSE OIL & GAS Index Down 0.7%Image source: DNY59/www.istockphoto.com

GULF OIL LUBRICANTS share price has zoomed 5% and is presently trading at Rs 1,355.0.

Meanwhile, the BSE OIL & GAS index is at 31,852.0 (down 0.7%).

Among the top gainers in the BSE OIL & GAS index today are ADANI TOTAL GAS (up 2.2%) and Indraprastha Gas (up 0.5%).

HPCL (down 3.7%) and BPCL (down 2.4%) are among the top losers today.

Over the last one year, GULF OIL LUBRICANTS has moved up from Rs 594.1 to Rs 1,355.0, registering a gain of Rs 760.9 (up 128.1%).

On the other hand, the BSE OIL & GAS index has moved up from 19,149.7 to 31,852.0, registering a gain of 66.3% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 105.8%), GAIL (up 94.8%) and ONGC (up 91.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,314.2 (down 0.4%).

The top losers among the BSE Sensex today are HDFC Bank (down 2.7%) and Tata Motors (down 1.7%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 24,234.3 (down 0.5%). HDFC Bank and HDFC LIFE INSURANCE are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,995.8 to 79,314.2, registering a gain of 13,318.4 points (up 20.2%).

GULF OIL LUBRICANTS Financial Update...

GULF OIL LUBRICANTS net profit grew 23.7% YoY to Rs 845 million for the quarter ended June 2024, compared to a profit of Rs 683 million a year ago. Net sales rose 10.1% to Rs 8,940 million during the period as against Rs 8,117 million in April-June 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 20.6.


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