November 5, 2018 / 4:22 AM / 7 months ago

BUZZ-Indian Oil Corp shares fall most in a month

** Shares of the country’s top refiner, Indian Oil Corp Ltd , down as much as 4.7 pct to 141.25 rupees, biggest daily pct fall since Oct 5

** Q2 profit fell 12.2 pct to 32.47 bln rupees ($445.65 mln), missing estimate by a wide margin, as forex expenses and raw material costs weighed

** Sept-qtr GRM at $6.79/bbl, down from $7.98/ bbl year ago, co said on Friday

** Oil prices fell as the start to U.S. sanctions against Iran’s fuel exports was softened by waivers that will allow major buyers to still import Iranian crude, at least temporarily, including India

** Up to Friday’s close, stock had fallen over 23 pct so far this year ($1 = 72.8600 Indian rupees)

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