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DEEP INDUSTRIES Gains 4%; BSE OIL & GAS Index Down 0.3%
Wed, 25 Sep 9:51

DEEP INDUSTRIES Gains 4%; BSE OIL & GAS Index Down 0.3%Image source: Eoneren/www.istockphoto.com

DEEP INDUSTRIES share price has zoomed 4% and is presently trading at Rs 467.5.

Meanwhile, the BSE OIL & GAS index is at 30,894.0 (down 0.3%).

Among the top gainers in the BSE OIL & GAS index today are Indraprastha Gas (up 0.7%) and Petronet LNG (up 0.3%).

HPCL (down 1.4%) and ADANI TOTAL GAS (down 1.0%) are among the top losers today.

Over the last one year, DEEP INDUSTRIES has moved up from Rs 269.2 to Rs 467.5, registering a gain of Rs 198.3 (up 73.7%).

On the other hand, the BSE OIL & GAS index has moved up from 18,977.6 to 30,894.0, registering a gain of 62.8% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 137.3%), BPCL (up 92.2%) and IOC (up 84.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 84,947.7 .

The top gainers among the BSE Sensex today are Power Grid Corp. (up 3.1%) and M&M (up 2.1%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Steel.

In the meantime, NSE Nifty is at 25,952.5 (up 0.1%). Power Grid Corp. and M&M are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,023.7 to 84,947.7, registering a gain of 18,924.0 points (up 28.7%).

DEEP INDUSTRIES Financial Update...

DEEP INDUSTRIES net profit grew 24.9% YoY to Rs 387 million for the quarter ended June 2024, compared to a profit of Rs 310 million a year ago. Net sales rose 21.9% to Rs 1,235 million during the period as against Rs 1,013 million in April-June 2023.

For the year ended March 2024, DEEP INDUSTRIES reported 0.1% decrease in net profit to Rs 1,252 million compared to net profit of Rs 1,253 million during FY23. Revenue of the company grew 25.1% to Rs 4,270 million during FY24.

The current Price to earnings ratio of DEEP INDUSTRIES, based on rolling 12 month earnings, stands at 22.5.


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