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XRP and EGO Enjoy 100%+ Crypto Price Jumps; Rollblock Hits New Highs As Major Announcement NearsPanic buying deepens POL supply crisis amid route disruptions Panic buying by commuters has further aggravated situation, causing rapid depletion of stocks LAHORE: The disruption in the supply of petroleum products due to route closures following the ongoing protests has turned into a crisis-like situation. Panic buying by commuters has further aggravated the situation, causing a rapid depletion of stocks amid already low supplies. The Petroleum Dealers Association has called for a smooth flow of traffic, saying the interruption in the supply chain has raised concern about potential shortages of petroleum products across Punjab, including the provincial capital. If the current situation persists, it could lead to serious consequences. While petrol consumption has reportedly decreased by 20 to 30 percent due to the closure of motorways, the overall demand remains largely unchanged as the supply chain remains disrupted. In light of the looming supply crisis, the Oil Tankers Association has urged the government to open alternative routes, highlighting the challenges in delivering oil to depot pumps. They warned that delayed deliveries could exacerbate the crisis and called for alternative routes to be made available for Khyber Pakhtunkhwa, the Northern Areas and the twin cities. Meanwhile, a spokesperson for the Oil and Gas Regulatory Authority (OGRA) said that OGRA, in collaboration with the Petroleum Division, has reached out to law enforcement agencies through chief secretaries and local administrations to ensure the smooth transportation of oil tankers carrying petroleum products to retail outlets. A communication channel has also been established between oil marketing companies and district administrations or law enforcement agencies to address transportation issues and mitigate the impact of the crisis.

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Panic buying deepens POL supply crisis amid route disruptionsRipple (XRP) Gains Over 300% Following Trump's Victory, But Another Altcoin Could Soon Take Its Place as Top Performer

NoneIn the current market session, Automatic Data Processing Inc. ADP stock price is at $304.09, after a 0.16% drop. However, over the past month, the company's stock went up by 6.49% , and in the past year, by 33.82% . Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up to par in the current session. A Look at Automatic Data Processing P/E Relative to Its Competitors The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. Compared to the aggregate P/E ratio of the 79.91 in the Professional Services industry, Automatic Data Processing Inc. has a lower P/E ratio of 32.54 . Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued. In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.CSE starts fresh week with indices down

Pangasinan town bans sale, use of firecrackers amid revelriesPiemonte Holding launches an asset management company with an initial capital raise of R$1 billion.