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HPCL Plunges 5%; BSE OIL & GAS Index Down 0.7%
Thu, 3 Oct 9:38

HPCL Plunges 5%; BSE OIL & GAS Index Down 0.7%Image source: Ivcandy/www.istockphoto.com

HPCL share price has plunged 5% and is presently trading at Rs 427.5.

Meanwhile, the BSE OIL & GAS index is at 31,391.5 (down 0.7%).

Among the top losers in the BSE OIL & GAS index today are BPCL (down 2.6%) and IOC (down 2.3%).

Petronet LNG (up 2.3%) and ONGC (up 1.3%) are among the top gainers today.

Over the last one year, HPCL has moved up from Rs 169.6 to Rs 427.5, registering a gain of Rs 257.9 (up 152.0%).

On the other hand, the BSE OIL & GAS index has moved up from 18,778.0 to 31,391.5, registering a gain of 67.2% 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 110.1%) and GAIL (up 94.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 83,578.4 (down 0.8%).

The top losers among the BSE Sensex today are Tata Motors (down 2.3%) and Asian Paints (down 2.0%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Steel.

In the meantime, NSE Nifty is at 25,606.6 (down 0.7%). BPCL and Eicher Motor are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 83,578.4, registering a gain of 18,066.3 points (up 27.6%).

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 10.8.

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