[ad_1] Brokerage firm Citi has opened a positive catalyst watch on shares of state-run oil refiner Hindustan Petroleum Corporation Ltd. (HPCL). Citi wrote in its note that the correction in shares of Oil Marketing Companies (OMCs), post their weak September quarter results were driven largely by non-recurring factors and that correction has made risk-reward more […]
Indian Oil has highest downside risk among OMCs post Q2 results, says Goldman Sachs – CNBC TV18
[ad_1] Indian Oil Corporation, Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) largely missed Q2 results expectations. Global brokerage Goldman Sachs believes marketing and refining were among the key factors that led to the misses. In a note on November 4, the brokerage said that the EBITDA of the aforementioned oil marketing […]
HPCL Q2 results: Stock ends 8% lower after weaker-than-expected recovery – CNBC TV18
[ad_1] Shares of state-run downstream oil refiner Hindustan Petroleum Corporation Ltd. ended 8% lower on Friday after the company reported its September quarter results. Despite reporting a weak quarter in June, the recovery for the company was not as anticipated. HPCL’s revenue for the September quarter stood at ₹99,926 crore, which is marginally higher than […]