[ad_1] Oil marketing companies (OMCs) witnessed sharp volatility on Monday, April 7, as a steep fall in global crude oil prices and a fresh hike in export duties rattled investor sentiment. The Nifty Oil & Gas index opened deep in the red, tracking a nearly 4% drop in Brent crude to $62.51 per barrel—its lowest […]
Explained — Here is why HPCL shares are bucking the trend on Monday – CNBC TV18
[ad_1] Shares of Hindustan Petroleum Corporation Ltd. (HPCL) are bucking the trend on Monday, April 7, on the back of multiple factors. The biggest factor is the tanking of crude oil prices. Brent crude is now down 4% after declining 6.5% each on Thursday and Friday. West Texas Intermediate is also trading near the mark […]
HPCL shares get a positive catalyst watch from Citi on attractive re-entry levels – CNBC TV18
[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 […]
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 […]