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GULF OIL LUBRICANTS Plunges 6%; BSE OIL & GAS Index Down 0.4%
Tue, 6 Aug 16:45

GULF OIL LUBRICANTS Plunges 6%; BSE OIL & GAS Index Down 0.4%Image source: ipopba/www.istockphoto.com

GULF OIL LUBRICANTS share price has plunged 6% and is presently trading at Rs 1,072.0.

Meanwhile, the BSE OIL & GAS index is at 30,920.2 (down 0.4%).

Among the top losers in the BSE OIL & GAS index today are IOC (down 1.9%) and BPCL (down 1.9%).

Indraprastha Gas (up 2.3%) and ADANI TOTAL GAS (up 1.4%) are among the top gainers today.

Over the last one year, GULF OIL LUBRICANTS has moved up from Rs 530.0 to Rs 1,072.0, registering a gain of Rs 542.1 (up 102.3%).

On the other hand, the BSE OIL & GAS index has moved up from 19,105.7 to 30,920.2, registering a gain of 61.8% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 110.2%), GAIL (up 92.3%) and BPCL (up 81.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 78,746.0 .

The top losers among the BSE Sensex today are Bharti Airtel (down 1.4%) and M&M (down 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,033.1 (down 0.1%). HDFC LIFE INSURANCE and SBI LIFE INSURANCE are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,782.8 to 78,746.0, registering a gain of 12,963.2 points (up 19.7%).

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 17.1.


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