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HPCL Gains 4%; BSE OIL & GAS Index Up 3.2%
Mon, 25 Nov 9:38

HPCL Gains 4%; BSE OIL & GAS Index Up 3.2%Image source: StarLineArts/www.istockphoto.com

HPCL share price has zoomed 4% and is presently trading at Rs 372.4.

Meanwhile, the BSE OIL & GAS index is at 26,546.1 (up 3.2%).

Among the top gainers in the BSE OIL & GAS index today are BPCL (up 4.0%) and ONGC (up 3.6%).

Over the last one year, HPCL has moved up from Rs 203.3 to Rs 372.4, registering a gain of Rs 169.0 (up 83.1%).

On the other hand, the BSE OIL & GAS index has moved up from 19,294.2 to 26,546.1, registering a gain of 37.6% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 83.1%), Petronet LNG (up 70.5%) and GAIL (up 59.8%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 80,415.9 (up 1.6%).

The top gainers among the BSE Sensex today are L&T (up 3.6%) and MUNDRA PORT & SEZ (up 3.1%). The most traded stocks in the BSE Sensex are Tata Steel and Reliance Ind..

In the meantime, NSE Nifty is at 24,287.0 (up 1.6%). Bharat Electronics and Shriram Transport are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,930.8 to 80,415.9, registering a gain of 14,485.1 points (up 22.0%).

HPCL Financial Update...

HPCL net profit fell 89.6% YoY to Rs 5,347 million for the quarter ended September 2024, compared to a profit of Rs 51,280 million a year ago. Net sales rose 5.5% to Rs 1,082,676 million during the period as against Rs 1,026,693 million in July-September 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 20.9.


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