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GULF OIL LUBRICANTS Plunges 4%; BSE OIL & GAS Index Down 0.0%
Thu, 26 Sep 14:47

GULF OIL LUBRICANTS Plunges 4%; BSE OIL & GAS Index Down 0.0%Image source: StarLineArts/www.istockphoto.com

GULF OIL LUBRICANTS share price has plunged 4% and is presently trading at Rs 1,378.6.

Meanwhile, the BSE OIL & GAS index is at 30,967.7 .

Among the top losers in the BSE OIL & GAS index today are ADANI TOTAL GAS (down 1.1%) and ONGC (down 0.9%).

GAIL (up 1.9%) and Petronet LNG (up 0.9%) are among the top gainers today.

Over the last one year, GULF OIL LUBRICANTS has moved up from Rs 528.4 to Rs 1,378.6, registering a gain of Rs 850.2 (up 160.9%).

On the other hand, the BSE OIL & GAS index has moved up from 18,977.6 to 30,967.7, registering a gain of 63.2% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 140.1%), BPCL (up 94.5%) and GAIL (up 88.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 85,721.5 (up 0.6%).

The top gainers among the BSE Sensex today are Maruti Suzuki (up 4.7%) and M&M (up 3.3%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 26,189.9 (up 0.7%). Maruti Suzuki 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 85,721.5, registering a gain of 19,697.8 points (up 29.8%).

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 20.9.


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