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HPCL Plunges 4%; BSE OIL & GAS Index Down 2.9%
Fri, 19 Jul 15:25

HPCL Plunges 4%; BSE OIL & GAS Index Down 2.9%Image source: Sakorn BernardaSv/www.istockphoto.com

HPCL share price has plunged 4% and is presently trading at Rs 342.1.

Meanwhile, the BSE OIL & GAS index is at 30,788.4 (down 2.9%).

Among the top losers in the BSE OIL & GAS index today are BPCL (down 5.0%) and GAIL (down 4.0%).

Over the last one year, HPCL has moved up from Rs 196.2 to Rs 342.1, registering a gain of Rs 145.9 (up 74.3%).

On the other hand, the BSE OIL & GAS index has moved up from 19,137.2 to 30,788.4, registering a gain of 60.9% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were GAIL (up 102.3%), ONGC (up 92.0%) and HPCL (up 74.3%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,599.1 (down 0.9%).

The top losers among the BSE Sensex today are Tata Steel (down 5.2%) and JSW Steel (down 4.5%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,526.6 (down 1.1%). Tata Steel and BPCL are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,589.9 to 80,599.1, registering a gain of 14,009.2 points (up 21.0%).

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 5.1.

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