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Oil India Plunges 5%; BSE OIL & GAS Index Up 0.0%
Tue, 15 Oct 13:1

Oil India Plunges 5%; BSE OIL & GAS Index Up 0.0%Image source: Kameleon007 /www.istockphoto.com

Oil India share price has plunged 5% and is presently trading at Rs 558.0.

Meanwhile, the BSE OIL & GAS index is at 30,147.9 .

Among the top losers in the BSE OIL & GAS index today are ONGC (down 1.3%) and Reliance Ind. (down 1.2%).

HPCL (up 4.6%) and BPCL (up 2.2%) are among the top gainers today.

Over the last one year, Oil India has moved up from Rs 207.9 to Rs 558.0, registering a gain of Rs 350.1 (up 168.4%).

On the other hand, the BSE OIL & GAS index has moved up from 18,704.1 to 30,147.9, registering a gain of 61.2% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 150.6%), BPCL (up 102.9%) and GAIL (up 88.7%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 81,817.3 (down 0.2%).

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

In the meantime, NSE Nifty is at 25,058.8 (down 0.3%). Bajaj Auto and Wipro are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,473.1 to 81,817.3, registering a gain of 15,344.3 points (up 23.1%).

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 12.8.

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