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Hind.Oil Exp Plunges 8%; BSE OIL & GAS Index Down 4.2%
Mon, 5 Aug 12:1

Hind.Oil Exp Plunges 8%; BSE OIL & GAS Index Down 4.2%Image source: asbe/www.istockphoto.com

Hind.Oil Exp share price has plunged 8% and is presently trading at Rs 263.6.

Meanwhile, the BSE OIL & GAS index is at 30,953.5 (down 4.2%).

Among the top losers in the BSE OIL & GAS index today are ONGC (down 5.5%) and GAIL (down 5.4%).

Over the last one year, Hind.Oil Exp has moved up from Rs 226.3 to Rs 263.6, registering a gain of Rs 37.3 (up 16.5%).

On the other hand, the BSE OIL & GAS index has moved up from 19,390.7 to 30,953.5, registering a gain of 59.6% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 99.9%), GAIL (up 86.4%) and IOC (up 80.5%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 78,587.3 (down 3.0%).

The top losers among the BSE Sensex today are Tata Motors (down 6.0%) and MUNDRA PORT & SEZ (down 5.0%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 23,990.5 (down 2.9%). Tata Motors and ONGC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,459.3 to 78,587.3, registering a gain of 12,128.0 points (up 18.2%).

Hind.Oil Exp Financial Update...

Hind.Oil Exp net profit fell 34.9% YoY to Rs 694 million for the quarter ended March 2024, compared to a profit of Rs 1,065 million a year ago. Net sales rose 65.4% to Rs 2,896 million during the period as against Rs 1,751 million in January-March 2023.

For the year ended March 2023, Hind.Oil Exp reported 870.5% increase in net profit to Rs 1,940 million compared to net profit of Rs 200 million during FY22. Revenue of the company grew 258.9% to Rs 5,589 million during FY23.

The current Price to earnings ratio of Hind.Oil Exp, based on rolling 12 month earnings, stands at 15.4.

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