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GULF OIL LUBRICANTS Plunges 4%; BSE OIL & GAS Index Down 0.6%
Tue, 3 Sep 14:7

GULF OIL LUBRICANTS Plunges 4%; BSE OIL & GAS Index Down 0.6%Image source: ThinkNeo/www.istockphoto.com

GULF OIL LUBRICANTS share price has plunged 4% and is presently trading at Rs 1,416.4.

Meanwhile, the BSE OIL & GAS index is at 32,737.2 (down 0.6%).

Among the top losers in the BSE OIL & GAS index today are IOC (down 1.5%) and Petronet LNG (down 1.3%).

Indraprastha Gas (up 1.2%) and ADANI TOTAL GAS (up 0.2%) are among the top gainers today.

Over the last one year, GULF OIL LUBRICANTS has moved up from Rs 583.4 to Rs 1,416.4, registering a gain of Rs 833.1 (up 142.8%).

On the other hand, the BSE OIL & GAS index has moved up from 18,693.3 to 32,737.2, registering a gain of 75.1% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 148.9%), BPCL (up 103.0%) and GAIL (up 99.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,491.7 (down 0.1%).

The top losers among the BSE Sensex today are Bajaj Finance (down 2.8%) and Bajaj Finserv (down 1.3%). The most traded stocks in the BSE Sensex are Kotak Bank and Tata Steel.

In the meantime, NSE Nifty is at 25,264.1 (down 0.1%). Bajaj Finance and IOC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,087.3 to 82,491.7, registering a gain of 17,404.4 points (up 26.7%).

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 2024, GULF OIL LUBRICANTS reported 32.6% increase in net profit to Rs 3,080 million compared to net profit of Rs 2,323 million during FY23. Revenue of the company grew 10.1% to Rs 33,012 million during FY24.

The current Price to earnings ratio of GULF OIL LUBRICANTS, based on rolling 12 month earnings, stands at 21.5.


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