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BPCL Gains 7%; BSE OIL & GAS Index Up 2.0%
Fri, 27 Sep 14:23

BPCL Gains 7%; BSE OIL & GAS Index Up 2.0%Image source: DNY59/www.istockphoto.com

BPCL share price has zoomed 7% and is presently trading at Rs 367.6.

Meanwhile, the BSE OIL & GAS index is at 31,710.1 (up 2.0%).

Among the top gainers in the BSE OIL & GAS index today are IOC (up 4.4%) and HPCL (up 3.5%).

ONGC is among the top losers today.

Over the last one year, BPCL has moved up from Rs 175.9 to Rs 367.6, registering a gain of Rs 191.7 (up 109.0%).

On the other hand, the BSE OIL & GAS index has moved up from 18,977.6 to 31,710.1, registering a gain of 67.1% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 152.0%), BPCL (up 109.0%) and IOC (up 94.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 85,605.8 (down 0.3%).

The top losers among the BSE Sensex today are Power Grid Corp. (down 3.0%) and Bharti Airtel (down 2.3%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 26,201.9 (down 0.1%). Power Grid Corp. and Bharti Airtel are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,023.7 to 85,605.8, registering a gain of 19,582.1 points (up 29.7%).

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 8.8.

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