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Oil India Plunges 4%; BSE OIL & GAS Index Down 2.1%
Thu, 3 Oct 12:37

Oil India Plunges 4%; BSE OIL & GAS Index Down 2.1%Image source: CreativaImages/www.istockphoto.com

Oil India share price has plunged 4% and is presently trading at Rs 546.0.

Meanwhile, the BSE OIL & GAS index is at 30,941.1 (down 2.1%).

Among the top losers in the BSE OIL & GAS index today are HPCL (down 6.0%) and BPCL (down 4.7%).

Petronet LNG (up 5.2%) and GAIL (up 0.4%) are among the top gainers today.

Over the last one year, Oil India has moved up from Rs 196.0 to Rs 546.0, registering a gain of Rs 350.0 (up 178.6%).

On the other hand, the BSE OIL & GAS index has moved up from 18,778.0 to 30,941.1, registering a gain of 64.8% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 146.6%), BPCL (up 105.5%) and GAIL (up 94.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,890.6 (down 1.6%).

The top losers among the BSE Sensex today are Asian Paints (down 3.8%) and Tata Motors (down 3.7%). The most traded stocks in the BSE Sensex are HDFC Bank and Reliance Ind..

In the meantime, NSE Nifty is at 25,387.4 (down 1.6%). BPCL and IOC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 82,890.6, registering a gain of 17,378.5 points (up 26.5%).

Oil India Financial Update...

Oil India net profit grew 45.2% YoY to Rs 18,925 million for the quarter ended June 2024, compared to a profit of Rs 13,038 million a year ago. Net sales rose 45.9% to Rs 93,509 million during the period as against Rs 64,088 million in April-June 2023.

For the year ended March 2024, Oil India reported 29.2% decrease in net profit to Rs 69,805 million compared to net profit of Rs 98,544 million during FY23. Revenue of the company fell 8.1% to Rs 286,284 million during FY24.

The current Price to earnings ratio of Oil India, based on rolling 12 month earnings, stands at 12.5.


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