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DEEP INDUSTRIES Gains 7%; BSE OIL & GAS Index Up 1.8%
Mon, 19 Aug 10:25

DEEP INDUSTRIES Gains 7%; BSE OIL & GAS Index Up 1.8%Image source: Nikada/www.istockphoto.com

DEEP INDUSTRIES share price has zoomed 7% and is presently trading at Rs 333.8.

Meanwhile, the BSE OIL & GAS index is at 32,461.9 (up 1.8%).

Among the top gainers in the BSE OIL & GAS index today are HPCL (up 3.3%) and BPCL (up 2.7%).

GUJARAT GAS (down 0.2%) is among the top losers today.

Over the last one year, DEEP INDUSTRIES has moved up from Rs 265.3 to Rs 333.8, registering a gain of Rs 68.5 (up 25.8%).

On the other hand, the BSE OIL & GAS index has moved up from 18,983.0 to 32,461.9, registering a gain of 71.0% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 123.2%), GAIL (up 110.0%) and BPCL (up 91.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,465.8 .

The top gainers among the BSE Sensex today are NTPC (up 1.7%) and Reliance Ind. (up 1.2%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,574.5 (up 0.1%). Hindalco and BPCL are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 80,465.8, registering a gain of 15,063.8 points (up 23.0%).

DEEP INDUSTRIES Financial Update...

DEEP INDUSTRIES net profit grew 24.9% YoY to Rs 387 million for the quarter ended June 2024, compared to a profit of Rs 310 million a year ago. Net sales rose 21.9% to Rs 1,235 million during the period as against Rs 1,013 million in April-June 2023.

For the year ended March 2024, DEEP INDUSTRIES reported 0.1% decrease in net profit to Rs 1,252 million compared to net profit of Rs 1,253 million during FY23. Revenue of the company grew 25.1% to Rs 4,270 million during FY24.

The current Price to earnings ratio of DEEP INDUSTRIES, based on rolling 12 month earnings, stands at 16.1.


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