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Oil India Gains 8%; BSE OIL & GAS Index Up 3.1%
Wed, 7 Aug 9:58

Oil India Gains 8%; BSE OIL & GAS Index Up 3.1%Image source: Nikada/www.istockphoto.com

Oil India share price has zoomed 8% and is presently trading at Rs 614.7.

Meanwhile, the BSE OIL & GAS index is at 31,783.5 (up 3.1%).

Among the top gainers in the BSE OIL & GAS index today are ONGC (up 5.9%) and GAIL (up 3.0%).

GUJARAT GAS (down 1.1%) is among the top losers today.

Over the last one year, Oil India has moved up from Rs 181.6 to Rs 614.7, registering a gain of Rs 433.1 (up 238.4%).

On the other hand, the BSE OIL & GAS index has moved up from 18,945.7 to 31,783.5, registering a gain of 67.8% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 121.4%), GAIL (up 101.6%) and BPCL (up 89.9%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,254.5 (up 0.8%).

The top gainers among the BSE Sensex today are MUNDRA PORT & SEZ (up 2.0%) and M&M (up 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,216.1 (up 0.9%). ONGC and Coal India are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,953.5 to 79,254.5, registering a gain of 13,301.0 points (up 20.2%).

Oil India Financial Update...

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 15.3.

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