MRPL Surges by 10%; BSE OIL & GAS Index Up 2.1%
April 23, 2020 10:02 AM

MRPL share price has zoomed 10% and is presently trading at Rs 35.

Meanwhile, the BSE OIL & GAS Index is at 11,367 (up 2.1%).

Among the top Gainers in the BSE OIL & GAS Index today is MRPL (up 10.2%).

Over the last one year, MRPL has moved down from Rs 69 to Rs 35, registering a loss of Rs 34 (down 49.4%).

On the other hand, the BSE OIL & GAS has moved down from 14,528 to 11,367, loss of 3,161 points (down 21.8%) during the last 12 months.

The top gainers among the BSE OIL & GAS Index stocks during this same period were INDRAPRASTHA GAS (up 45.8%), BPCL (up 6.5%) and RELIANCE IND. (up 2.1%).

What About the Benchmark Indices?

The BSE Sensex is at 31,646 (up 0.7%).

The top gainers among the BSE Sensex stocks today are ONGC (up 5.0%), TATA STEEL (up 3.6%) and TCS (up 2.9%). Other gainers include KOTAK MAHINDRA BANK (up 2.6%) and ICICI BANK (up 2.1%). The most traded stocks in the BSE Sensex are ITC and INFOSYS.

In the meantime, NSE Nifty is at 9,278 (up 0.9%). The top gainers in the NSE Nifty include BRITANNIA (up 8.8%), ZEE ENTERTAINMENT (up 8.4%) and ONGC (up 5.1%). Other gainers include GAIL (up 3.9%) and HINDALCO (up 3.8%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,645 to 31,646, registering a loss of 6,999 points (down 18.20%).

MRPL Financial Update...

MRPL net profit down at Rs 6 billion for the quarter ended September 2019, compared to a loss of Rs 3 billion a year ago. Net Sales declined 24.6% to Rs 152.6 billion during the period as against Rs 202.5 billion in July-September 2018.

For the year ended March 2018, MRPL reported 6.4% increase in net profit to Rs 18.0 billion compared to net profit of Rs 16.9 billion during FY17.

Revenue of the company grew 6.2% to Rs 637 billion during FY18.

The current Price to earnings ratio of MRPL, based on rolling 12 month earnings, stands at down 6.0x.