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HPCL Plunges 3%; BSE OIL & GAS Index Up 0.8%
Fri, 9 Aug 13:30

HPCL Plunges 3%; BSE OIL & GAS Index Up 0.8%Image source: Kameleon007 /www.istockphoto.com

HPCL share price has plunged 3% and is presently trading at Rs 376.9.

Meanwhile, the BSE OIL & GAS index is at 31,777.8 (up 0.8%).

Among the top losers in the BSE OIL & GAS index today are GUJARAT GAS (down 2.1%) and Indraprastha Gas (down 1.3%).

ONGC (up 2.3%) and Reliance Ind. (up 1.8%) are among the top gainers today.

Over the last one year, HPCL has moved up from Rs 178.6 to Rs 376.9, registering a gain of Rs 198.3 (up 111.0%).

On the other hand, the BSE OIL & GAS index has moved up from 18,945.7 to 31,777.8, registering a gain of 67.7% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 111.0%), GAIL (up 99.3%) and ONGC (up 90.9%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,712.1 (up 1.0%).

The top gainers among the BSE Sensex today are Tata Motors (up 2.9%) and JSW Steel (up 2.8%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,361.3 (up 1.0%). Eicher Motor and Grasim Industries are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,953.5 to 79,712.1, registering a gain of 13,758.6 points (up 20.9%).

HPCL Financial Update...

HPCL net profit fell 95.9% YoY to Rs 2,459 million for the quarter ended June 2024, compared to a profit of Rs 60,658 million a year ago. Net sales rose 1.5% to Rs 1,209,433 million during the period as against Rs 1,191,623 million in April-June 2023.

For the year ended March 2024, HPCL reported 329.4% increase in net profit to Rs 160,146 million compared to net loss of Rs 69,802 million during FY23. Revenue of the company fell 2.2% to Rs 4,057,439 million during FY24.

The current Price to earnings ratio of HPCL, based on rolling 12 month earnings, stands at 9.6.

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