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HPCL Gains 3%; BSE OIL & GAS Index Up 0.7%
Mon, 22 Jul 10:58

HPCL Gains 3%; BSE OIL & GAS Index Up 0.7%Image source: asbe/www.istockphoto.com

HPCL share price has zoomed 3% and is presently trading at Rs 353.2.

Meanwhile, the BSE OIL & GAS index is at 31,040.7 (up 0.7%).

Among the top gainers in the BSE OIL & GAS index today are BPCL (up 3.7%) and GAIL (up 2.7%).

Reliance Ind. (down 2.7%) and Petronet LNG (down 0.6%) are among the top losers today.

Over the last one year, HPCL has moved up from Rs 193.7 to Rs 353.2, registering a gain of Rs 159.5 (up 82.3%).

On the other hand, the BSE OIL & GAS index has moved up from 19,160.0 to 31,040.7, registering a gain of 62.0% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were GAIL (up 107.2%), ONGC (up 93.5%) and HPCL (up 82.3%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,786.9 (up 0.2%).

The top gainers among the BSE Sensex today are NTPC (up 2.8%) and HDFC Bank (up 2.6%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,572.3 (up 0.2%). BPCL and NTPC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,795.1 to 80,786.9, registering a gain of 13,991.8 points (up 20.9%).

HPCL Financial Update...

HPCL net profit fell 9.4% YoY to Rs 25,619 million for the quarter ended March 2024, compared to a profit of Rs 28,285 million a year ago. Net sales rose 6.2% to Rs 1,216,533 million during the period as against Rs 1,145,733 million in January-March 2023.

For the year ended March 2023, HPCL reported 195.7% decrease in net profit to Rs -69,802 million compared to net profit of Rs 72,942 million during FY22. Revenue of the company grew 27.4% to Rs 4,149,199 million during FY23.

The current Price to earnings ratio of HPCL, based on rolling 12 month earnings, stands at 5.3.

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