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IOC Plunges 4%; BSE OIL & GAS Index Down 1.6%
Thu, 3 Oct 12:16

IOC Plunges 4%; BSE OIL & GAS Index Down 1.6%Image source: DNY59/www.istockphoto.com

IOC share price has plunged 4% and is presently trading at Rs 172.5.

Meanwhile, the BSE OIL & GAS index is at 31,094.3 (down 1.6%).

Among the top losers in the BSE OIL & GAS index today are HPCL (down 5.3%) and BPCL (down 4.4%).

Petronet LNG (up 5.3%) and GAIL (up 0.5%) are among the top gainers today.

Over the last one year, IOC has moved up from Rs 90.0 to Rs 172.5, registering a gain of Rs 82.5 (up 91.6%).

On the other hand, the BSE OIL & GAS index has moved up from 18,778.0 to 31,094.3, registering a gain of 65.6% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 148.3%), BPCL (up 106.2%) and GAIL (up 94.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 83,017.8 (down 1.5%).

The top losers among the BSE Sensex today are Tata Motors (down 4.0%) and Asian Paints (down 3.5%). The most traded stocks in the BSE Sensex are HDFC Bank and Reliance Ind..

In the meantime, NSE Nifty is at 25,391.2 (down 1.6%). BPCL and Shriram Transport are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 83,017.8, registering a gain of 17,505.7 points (up 26.7%).

IOC Financial Update...

IOC net profit fell 78.1% YoY to Rs 31,515 million for the quarter ended June 2024, compared to a profit of Rs 143,962 million a year ago. Net sales declined 2.5% to Rs 2,198,643 million during the period as against Rs 2,254,105 million in April-June 2023.

For the year ended March 2024, IOC reported 268.8% increase in net profit to Rs 431,612 million compared to net profit of Rs 117,043 million during FY23. Revenue of the company fell 8.3% to Rs 6,714,683 million during FY24.

The current Price to earnings ratio of IOC, based on rolling 12 month earnings, stands at 8.0.


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1 Responses to "IOC Plunges 4%; BSE OIL & GAS Index Down 1.6%"

Govinda Patel

Oct 3, 2024

I took IOC in SIP for development devident or long term perspective

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Equitymaster requests your view! Post a comment on "IOC Plunges 4%; BSE OIL & GAS Index Down 1.6%". Click here!