Oil & gas stocks were in focus on Monday after the
Reliance Industries (RIL) announced its financial performance for September 2020 (Q2FY21) period. Apart from RIL, state-owned
Indian Oil is also the latest to present Q2 data.
At around 1.55 pm, BSE Oil & Gas was trading at 11,860.91 down 265.21 points or 2.19%.
The index has touched an intraday low of 11,810.89.
RIL led the underperforming stocks like and was trading at Rs1,910.35 per piece down 7.01%. RIL stock continues to extend losses on exchanges.
RIL was followed by Petronet LNG, Castrol India, Indian Oil and
BPCL which plunged by nearly 2% each.
During Q2FY21, RIL reported a consolidated net profit of Rs10,602cr compared to a net profit of Rs11,352cr a year ago same period and Rs13,248cr of the preceding quarter. RIL's consolidated revenue from operations was at Rs1,16,195cr in Q2FY21, lower from Rs1,53,384cr a year ago same quarter, however, higher from Rs91,238cr of the previous quarter.
Indian Oil registered a net profit of Rs6,227cr in Q2FY21 from Rs1,910cr of the previous quarter. While revenue from operations increased by 37% quarter-on-quarter to Rs85,611cr.
While
GAIL and GSPL saw a 1% drop each. Indraprastha Gas tumbled marginally.
On the other hand, HPCL and
ONGC were the only gainers surging marginally.