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MRPL Plunges 3%; BSE OIL & GAS Index Up 1.7%
Tue, 6 Aug 12:22

MRPL Plunges 3%; BSE OIL & GAS Index Up 1.7%Image source: KanawatTH/www.istockphoto.com

MRPL share price has plunged 3% and is presently trading at Rs 202.6.

Meanwhile, the BSE OIL & GAS index is at 31,580.4 (up 1.7%).

Indraprastha Gas (up 3.4%) and GUJARAT GAS (up 3.1%) are among the top gainers today.

Over the last one year, MRPL has moved up from Rs 82.7 to Rs 202.6, registering a gain of Rs 120.0 (up 145.1%).

On the other hand, the BSE OIL & GAS index has moved up from 19,105.7 to 31,580.4, registering a gain of 65.3% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 114.3%), GAIL (up 97.6%) and BPCL (up 86.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,342.6 (up 0.7%).

The top gainers among the BSE Sensex today are JSW Steel (up 3.0%) and HCl Tech. (up 2.5%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,223.8 (up 0.7%). Adani Enterprises and JSW Steel are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,782.8 to 79,342.6, registering a gain of 13,559.8 points (up 20.6%).

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 2024, MRPL reported 35.5% increase in net profit to Rs 35,971 million compared to net profit of Rs 26,554 million during FY23. Revenue of the company fell 19.0% to Rs 755,901 million during FY24.

The current Price to earnings ratio of MRPL, based on rolling 12 month earnings, stands at 13.5.

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