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Oil India Plunges 5%; BSE OIL & GAS Index Down 0.6%
Wed, 11 Sep 9:56

Oil India Plunges 5%; BSE OIL & GAS Index Down 0.6%Image source: KanawatTH/www.istockphoto.com

Oil India share price has plunged 5% and is presently trading at Rs 581.2.

Meanwhile, the BSE OIL & GAS index is at 30,880.1 (down 0.6%).

Among the top losers in the BSE OIL & GAS index today are ONGC (down 1.9%) and Indraprastha Gas (down 0.8%).

Petronet LNG (up 0.5%) and Reliance Ind. (up 0.3%) are among the top gainers today.

Over the last one year, Oil India has moved up from Rs 187.5 to Rs 581.2, registering a gain of Rs 393.7 (up 210.0%).

On the other hand, the BSE OIL & GAS index has moved up from 19,578.7 to 30,880.1, registering a gain of 57.7% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 138.0%), BPCL (up 90.0%) and IOC (up 84.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,978.9 (up 0.1%).

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

In the meantime, NSE Nifty is at 25,045.8 . Bajaj Auto and Dr. Reddys are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,127.1 to 81,978.9, registering a gain of 14,851.9 points (up 22.1%).

Oil India Financial Update...

Oil India net profit grew 45.2% YoY to Rs 18,925 million for the quarter ended June 2024, compared to a profit of Rs 13,038 million a year ago. Net sales rose 45.9% to Rs 93,509 million during the period as against Rs 64,088 million in April-June 2023.

For the year ended March 2024, Oil India reported 29.2% decrease in net profit to Rs 69,805 million compared to net profit of Rs 98,544 million during FY23. Revenue of the company fell 8.1% to Rs 286,284 million during FY24.

The current Price to earnings ratio of Oil India, based on rolling 12 month earnings, stands at 13.3.

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