‘’With OPEC+ is looking to unwind spare production capacity, we see some risk to net realizations of $73-74/bbl for upstream companies in CY25. We think that the best way to play in a range-bound oil price environment with rising downside risks is oil marketing companies, where HPCL is our preferred […]
HPCL
Indian stock market: Both Nifty 50 and Sensex remained steady after reaching new peaks earlier in the trading day on Monday, May 27. However, they later retreated from these highs due to profit-taking at elevated levels, influenced by a mix of global signals. Despite initially climbing to record levels with […]
Hindustan Petroleum Corporation Ltd (HPCL) has set Friday, June 21, as the record date to determine shareholders eligible for the issuance of bonus shares in a 1:2 ratio, the Maharatna oil major announced on May 27. “The Board of the Company has recommended issue of bonus shares in the ratio […]
The volatility in Crude oil prices with a upward bias, the concerns on marketing margins being fueled further due to ongoing election season, weakness in Gross refining margins, a led to pressure on Hindustan Petroleum Corporation (HPCL), Bharat petroleum Corporation (BPCL) and Indian Oil Corporations Ltd (IOCL) share prices. The […]
Despite the overall market maintaining a flat trajectory after the opening bell, shares of BPCL and HPCL surged by 5% and 2.6%, respectively, following the company’s posting of a performance in line with expectations for the March quarter. Milestone Alert! Livemint tops charts as the fastest growing news website […]
Hindustan Petroleum Corporation Limited (HPCL) has scheduled a board meeting for May 9, 2024, to consider and approve the issuance of bonus shares to its shareholders. However, the record date for the issuance of bonus shares is yet to be declared by the company. The company will also be declaring […]