Oil India share price has zoomed 4% and is presently trading at Rs 582.6.
Meanwhile, the BSE OIL & GAS index is at 32,243.9 (up 1.2%).
Among the top gainers in the BSE OIL & GAS index today are GUJARAT GAS (up 2.7%) and BPCL (up 2.6%).
Petronet LNG (down 0.4%) is among the top losers today.
Over the last one year, Oil India has moved up from Rs 175.0 to Rs 582.6, registering a gain of Rs 407.6 (up 233.0%).
On the other hand, the BSE OIL & GAS index has moved up from 19,414.3 to 32,243.9, registering a gain of 66.1% during the last 12 months.
The top gainers among the BSE OIL & GAS index stocks during this same period were GAIL (up 98.8%), ONGC (up 92.6%) and HPCL (up 90.4%).
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The BSE Sensex is at 81,328.5 .
The top losers among the BSE Sensex today are Titan (down 2.6%) and Bharti Airtel (down 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.
In the meantime, NSE Nifty is at 24,831.2 . Titan and Bharti Airtel are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 66,355.7 to 81,328.5, registering a gain of 14,972.8 points (up 22.6%).
Oil India net profit fell 9.5% YoY to Rs 19,738 million for the quarter ended March 2024, compared to a profit of Rs 21,807 million a year ago. Net sales rose 15.9% to Rs 101,658 million during the period as against Rs 87,677 million in January-March 2023.
For the year ended March 2023, Oil India reported 46.7% increase in net profit to Rs 98,544 million compared to net profit of Rs 67,192 million during FY22. Revenue of the company grew 42.9% to Rs 311,558 million during FY23.
The current Price to earnings ratio of Oil India, based on rolling 12 month earnings, stands at 14.5.
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