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Oil India Plunges 4%; BSE OIL & GAS Index Up 0.2%
Tue, 16 Jul 9:33

Oil India Plunges 4%; BSE OIL & GAS Index Up 0.2%Image source: CreativaImages/www.istockphoto.com

Oil India share price has plunged 4% and is presently trading at Rs 620.3.

Meanwhile, the BSE OIL & GAS index is at 31,784.0 (up 0.2%).

Among the top losers in the BSE OIL & GAS index today are GAIL (down 0.7%) and Petronet LNG (down 0.2%).

BPCL (up 1.5%) and ADANI TOTAL GAS (up 1.4%) are among the top gainers today.

Over the last one year, Oil India has moved up from Rs 170.3 to Rs 620.3, registering a gain of Rs 450.0 (up 264.2%).

On the other hand, the BSE OIL & GAS index has moved up from 19,189.2 to 31,784.0, registering a gain of 65.6% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were GAIL (up 112.9%), ONGC (up 92.7%) and HPCL (up 81.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,779.0 (up 0.1%).

The top gainers among the BSE Sensex today are Bharti Airtel (up 1.2%) and M&M (up 1.0%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,622.5 (up 0.2%). BPCL and HDFC LIFE INSURANCE are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,393.9 to 80,779.0, registering a gain of 15,385.1 points (up 23.5%).

Oil India Financial Update...

Oil India net profit fell 9.5% YoY to Rs 19,738 million for the quarter ended March 2024, compared to a profit of Rs 21,807 million a year ago. Net sales rose 15.9% to Rs 101,658 million during the period as against Rs 87,677 million in January-March 2023.

For the year ended March 2023, Oil India reported 46.7% increase in net profit to Rs 98,544 million compared to net profit of Rs 67,192 million during FY22. Revenue of the company grew 42.9% to Rs 311,558 million during FY23.

The current Price to earnings ratio of Oil India, based on rolling 12 month earnings, stands at 15.5.


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