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MRPL Gains 3%; BSE OIL & GAS Index Up 0.2%
Tue, 16 Jul 9:33

MRPL Gains 3%; BSE OIL & GAS Index Up 0.2%Image source: DNY59/www.istockphoto.com

MRPL share price has zoomed 3% and is presently trading at Rs 247.7.

Meanwhile, the BSE OIL & GAS index is at 31,802.5 (up 0.2%).

Among the top gainers in the BSE OIL & GAS index today are BPCL (up 1.6%) and HPCL (up 1.4%).

GAIL (down 0.6%) and Reliance Ind. (down 0.1%) are among the top losers today.

Over the last one year, MRPL has moved up from Rs 87.3 to Rs 247.7, registering a gain of Rs 160.4 (up 183.7%).

On the other hand, the BSE OIL & GAS index has moved up from 19,189.2 to 31,802.5, registering a gain of 65.7% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were GAIL (up 113.2%), ONGC (up 93.3%) and HPCL (up 81.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,774.2 (up 0.1%).

The top gainers among the BSE Sensex today are Bharti Airtel (up 1.0%) and Maruti Suzuki (up 0.8%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,622.5 (up 0.2%). BPCL and HDFC LIFE INSURANCE are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,393.9 to 80,774.2, registering a gain of 15,380.3 points (up 23.5%).

MRPL Financial Update...

MRPL net profit fell 40.4% YoY to Rs 11,368 million for the quarter ended March 2024, compared to a profit of Rs 19,080 million a year ago. Net sales declined 0.7% to Rs 291,901 million during the period as against Rs 294,015 million in January-March 2023.

For the year ended March 2023, MRPL reported 10.2% decrease in net profit to Rs 26,554 million compared to net profit of Rs 29,583 million during FY22. Revenue of the company grew 74.0% to Rs 929,762 million during FY23.

The current Price to earnings ratio of MRPL, based on rolling 12 month earnings, stands at 12.1.

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