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Oil India Plunges 4%; BSE OIL & GAS Index Up 0.0%
Thu, 26 Sep 14:55

Oil India Plunges 4%; BSE OIL & GAS Index Up 0.0%Image source: Sefa Ozel/www.istockphoto.com

Oil India share price has plunged 4% and is presently trading at Rs 556.5.

Meanwhile, the BSE OIL & GAS index is at 30,991.5 .

Among the top losers in the BSE OIL & GAS index today are ADANI TOTAL GAS (down 1.1%) and ONGC (down 0.9%).

GAIL (up 2.1%) and Petronet LNG (up 1.3%) are among the top gainers today.

Over the last one year, Oil India has moved up from Rs 185.5 to Rs 556.5, registering a gain of Rs 371.0 (up 200.0%).

On the other hand, the BSE OIL & GAS index has moved up from 18,977.6 to 30,991.5, registering a gain of 63.3% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 140.4%), BPCL (up 94.5%) and GAIL (up 88.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 85,698.6 (up 0.6%).

The top gainers among the BSE Sensex today are Maruti Suzuki (up 4.7%) and Bajaj Finserv (up 3.1%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 26,187.5 (up 0.7%). Maruti Suzuki and M&M are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,023.7 to 85,698.6, registering a gain of 19,674.9 points (up 29.8%).

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 12.7.

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