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BPCL Plunges 3%; BSE OIL & GAS Index Down 2.1%
Thu, 19 Sep 14:54

BPCL Plunges 3%; BSE OIL & GAS Index Down 2.1%Image source: bluebay2014/www.istockphoto.com

BPCL share price has plunged 3% and is presently trading at Rs 325.0.

Meanwhile, the BSE OIL & GAS index is at 29,808.9 (down 2.1%).

Among the top losers in the BSE OIL & GAS index today are GAIL (down 3.3%) and Petronet LNG (down 3.0%).

Indraprastha Gas (up 0.6%) and GUJARAT GAS (up 0.6%) are among the top gainers today.

Over the last one year, BPCL has moved up from Rs 180.1 to Rs 325.0, registering a gain of Rs 144.8 (up 80.4%).

On the other hand, the BSE OIL & GAS index has moved up from 19,278.9 to 29,808.9, registering a gain of 54.6% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 130.9%), BPCL (up 80.4%) and IOC (up 77.2%).

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

What About the Benchmark Indices?

The BSE Sensex is at 83,103.5 (up 0.2%).

The top gainers among the BSE Sensex today are NTPC (up 2.4%) and Nestle (up 2.2%). The most traded stocks in the BSE Sensex are NTPC and Tata Steel.

In the meantime, NSE Nifty is at 25,397.8 (up 0.1%). NTPC and Nestle are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,596.8 to 83,103.5, registering a gain of 15,506.7 points (up 22.9%).

BPCL Financial Update...

BPCL net profit fell 75.8% YoY to Rs 24,622 million for the quarter ended June 2024, compared to a profit of Rs 101,677 million a year ago. Net sales declined 0.1% to Rs 1,281,064 million during the period as against Rs 1,282,636 million in April-June 2023.

For the year ended March 2024, BPCL reported 1160.4% increase in net profit to Rs 268,588 million compared to net profit of Rs 21,311 million during FY23. Revenue of the company fell 5.7% to Rs 3,891,735 million during FY24.

The current Price to earnings ratio of BPCL, based on rolling 12 month earnings, stands at 7.8.

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