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ASIAN OILFIELD Gains 10%; BSE OIL & GAS Index Up 0.1%
Thu, 22 Aug 10:18

ASIAN OILFIELD Gains 10%; BSE OIL & GAS Index Up 0.1%Image source: Sakorn BernardaSv/www.istockphoto.com

ASIAN OILFIELD share price has zoomed 10% and is presently trading at Rs 366.5.

Meanwhile, the BSE OIL & GAS index is at 32,561.2 (up 0.1%).

Among the top gainers in the BSE OIL & GAS index today are Petronet LNG (up 0.9%) and IOC (up 0.6%).

GUJARAT GAS (down 0.9%) and Indraprastha Gas (down 0.5%) are among the top losers today.

Over the last one year, ASIAN OILFIELD has moved up from Rs 146.8 to Rs 366.5, registering a gain of Rs 219.7 (up 149.7%).

On the other hand, the BSE OIL & GAS index has moved up from 18,865.5 to 32,561.2, registering a gain of 72.6% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 135.5%), GAIL (up 106.4%) and BPCL (up 99.2%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,010.4 (up 0.1%).

The top gainers among the BSE Sensex today are Bharti Airtel (up 1.1%) and Asian Paints (up 0.8%). The most traded stocks in the BSE Sensex are Bharti Airtel and Tata Steel.

In the meantime, NSE Nifty is at 24,813.8 (up 0.2%). Grasim Industries and Tata Consumer Products are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,216.1 to 81,010.4, registering a gain of 15,794.3 points (up 24.2%).

ASIAN OILFIELD Financial Update...

ASIAN OILFIELD net profit grew 138.0% YoY to Rs 13 million for the quarter ended June 2024, compared to a loss of Rs 34 million a year ago. Net sales rose 30.8% to Rs 602 million during the period as against Rs 460 million in April-June 2023.

For the year ended March 2023, ASIAN OILFIELD reported 214.5% decrease in net profit to Rs -444 million compared to net profit of Rs 388 million during FY22. Revenue of the company fell 57.8% to Rs 1,100 million during FY23.

The current Price to earnings ratio of ASIAN OILFIELD, based on rolling 12 month earnings, stands at 50.6.

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