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GULF OIL LUBRICANTS Gains 5%; BSE OIL & GAS Index Down 0.1%
Mon, 2 Sep 13:6

GULF OIL LUBRICANTS Gains 5%; BSE OIL & GAS Index Down 0.1%Image source: hudiemm/www.istockphoto.com

GULF OIL LUBRICANTS share price has zoomed 5% and is presently trading at Rs 1,487.6.

Meanwhile, the BSE OIL & GAS index is at 32,940.4 (down 0.1%).

Among the top gainers in the BSE OIL & GAS index today are GUJARAT GAS (up 10.9%) and HPCL (up 3.1%).

GAIL (down 1.3%) and ONGC (down 1.1%) are among the top losers today.

Over the last one year, GULF OIL LUBRICANTS has moved up from Rs 587.3 to Rs 1,487.6, registering a gain of Rs 900.4 (up 153.3%).

On the other hand, the BSE OIL & GAS index has moved up from 18,794.1 to 32,940.4, registering a gain of 75.3% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 145.6%), BPCL (up 101.3%) and GAIL (up 100.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,455.4 (up 0.1%).

The top gainers among the BSE Sensex today are Bajaj Finserv (up 3.4%) and HCl Tech. (up 3.0%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 25,256.5 (up 0.1%). Bajaj Finserv and HCl Tech. are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,075.8 to 82,455.4, registering a gain of 17,379.6 points (up 26.7%).

GULF OIL LUBRICANTS Financial Update...

GULF OIL LUBRICANTS net profit grew 23.7% YoY to Rs 845 million for the quarter ended June 2024, compared to a profit of Rs 683 million a year ago. Net sales rose 10.1% to Rs 8,940 million during the period as against Rs 8,117 million in April-June 2023.

For the year ended March 2024, GULF OIL LUBRICANTS reported 32.6% increase in net profit to Rs 3,080 million compared to net profit of Rs 2,323 million during FY23. Revenue of the company grew 10.1% to Rs 33,012 million during FY24.

The current Price to earnings ratio of GULF OIL LUBRICANTS, based on rolling 12 month earnings, stands at 22.6.


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