Oil India hit 52-week high on strong Q4 results; Read to know more
Shares of Oil India rose 3.8% to hit a 52-week high of 671.10 after the company’s net profit surged in the January to March period of 2024. The company’s consolidated net profit came in at Rs 2,332.94 crore in Q4 of FY24 against Rs 1,979.74 crore reported in Q4 of FY23.
However, Oil India’s net profit declined sequentially by 11% from Rs 2,607.66 crore reported in Q3 of FY24. Its revenue from operations stood at Rs 10,165.78 crore during the quarter, an increase of 16% on year from Rs 8,764.27 crore in Q4 of FY23.
Its total income came in at Rs 10,375.09 crore marking a rise of 16% from Rs 8,936.82 crore in Q4FY23.
Meet Subhasish Chakraborty, the founder of DTDC – He sold his mother’s jewellery to build Rs 2000 crore company; Know ab…
Oil prices fall, extend slide after OPEC+ cuts underwhelm
Oil prices fell in early Asian trade on Friday, extended losses after OPEC+ producers agreed to voluntary oil output cuts for the first quarter next year that fell short of market expectations.
Brent crude futures for February fell 14 cents, or 0.2%, to $80.72 a barrel by 0005 GMT. U.S. West Texas Intermediate crude futures fell 12 cents, or 0.2%, to $75.84.
Saudi Arabia, Russia and other members of OPEC+, who pump more than 40% of the world’s oil, agreed to voluntary output cuts of about 2.2 million barrels per day (bpd) for the first quarter of 2024.
Independence Day 2024: Check complete guest list for August 15th celebrations at Red Fort Will Nifty hold 24,000 on Wednesday or fall further? See GIFT Nifty, FII data, F&O, crude, and more before m…