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MRPL Gains 5%; BSE OIL & GAS Index Up 1.5%
Wed, 24 Jul 11:34

MRPL Gains 5%; BSE OIL & GAS Index Up 1.5%Image source: Ivcandy/www.istockphoto.com

MRPL share price has zoomed 5% and is presently trading at Rs 213.9.

Meanwhile, the BSE OIL & GAS index is at 30,814.1 (up 1.5%).

Among the top gainers in the BSE OIL & GAS index today are ONGC (up 2.4%) and BPCL (up 2.1%).

Over the last one year, MRPL has moved up from Rs 87.3 to Rs 213.9, registering a gain of Rs 126.6 (up 145.1%).

On the other hand, the BSE OIL & GAS index has moved up from 19,266.0 to 30,814.1, registering a gain of 59.9% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were GAIL (up 97.8%), ONGC (up 88.1%) and HPCL (up 74.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,164.8 (down 0.3%).

The top losers among the BSE Sensex today are Bajaj Finance (down 2.3%) and Bajaj Finserv (down 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,408.3 (down 0.3%). Bajaj Finance and Tata Consumer Products are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,384.8 to 80,164.8, registering a gain of 13,780.0 points (up 20.8%).

MRPL Financial Update...

MRPL net profit fell 93.5% YoY to Rs 656 million for the quarter ended June 2024, compared to a profit of Rs 10,127 million a year ago. Net sales rose 9.9% to Rs 272,894 million during the period as against Rs 248,251 million in April-June 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 14.2.

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