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HPCL Gains 3%; BSE OIL & GAS Index Up 0.5%
Tue, 24 Sep 11:9

HPCL Gains 3%; BSE OIL & GAS Index Up 0.5%Image source: phive2015/www.istockphoto.com

HPCL share price has zoomed 3% and is presently trading at Rs 415.9.

Meanwhile, the BSE OIL & GAS index is at 30,949.3 (up 0.5%).

Among the top gainers in the BSE OIL & GAS index today are BPCL (up 1.2%) and Indraprastha Gas (up 0.5%).

ADANI TOTAL GAS (down 2.6%) and GUJARAT GAS (down 0.6%) are among the top losers today.

Over the last one year, HPCL has moved up from Rs 171.7 to Rs 415.9, registering a gain of Rs 244.2 (up 142.2%).

On the other hand, the BSE OIL & GAS index has moved up from 19,147.1 to 30,949.3, registering a gain of 61.6% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 142.2%), BPCL (up 94.1%) and IOC (up 85.5%).

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

What About the Benchmark Indices?

The BSE Sensex is at 84,968.1 .

The top gainers among the BSE Sensex today are Tata Steel (up 3.0%) and Power Grid Corp. (up 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,947.8 . Tata Steel and Hindalco are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,800.8 to 84,968.1, registering a gain of 18,167.3 points (up 27.2%).

HPCL Financial Update...

HPCL net profit fell 95.9% YoY to Rs 2,459 million for the quarter ended June 2024, compared to a profit of Rs 60,658 million a year ago. Net sales rose 1.5% to Rs 1,209,433 million during the period as against Rs 1,191,623 million in April-June 2023.

For the year ended March 2024, HPCL reported 329.4% increase in net profit to Rs 160,146 million compared to net loss of Rs 69,802 million during FY23. Revenue of the company fell 2.2% to Rs 4,057,439 million during FY24.

The current Price to earnings ratio of HPCL, based on rolling 12 month earnings, stands at 10.6.

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