Hindustan Petroleum Corp Ltd (HPCL.NS)
22 Jun 2018
** Shares of top Indian oil marketing companies lead gains on the NSE index, post biggest intraday percentage gain since May 28
** Shares of airlines and oil marketing companies (OMCs) rise as crude oil prices extend fall
May 23 Indian shares fell on Wednesday, dragged by energy stocks such as Hindustan Petroleum Corp Ltd and Oil and Natural Gas Corp Ltd (ONGC) on rising concern that the government may ask state-owned oil firms to share the burden of higher petrol and diesel prices.
** Indian state-owned explorers Oil and Natural Gas Corp Ltd and Oil India Ltd face increasing risk that govt will require them to share in fuel-subsidy burden, as oil prices rise - Moody's Investors Service
State-owned refiner Hindustan Petroleum Corp Ltd on Tuesday posted a nearly 4 percent fall in fourth-quarter net profit, hurt by higher expenses.
May 22 State-owned refiner Hindustan Petroleum Corp Ltd on Tuesday posted a nearly 4 percent fall in fourth-quarter net profit, hurt by higher expenses.
* MARCH QUARTER NET PROFIT 17.48 BILLION RUPEES VERSUS PROFIT OF 18.19 BILLION RUPEES LAST YEAR
** Shares of Bharat Petroleum Corp Ltd, Indian Oil Corp Ltd and Hindustan Petroleum Corp Ltd fall as much as 3.5 pct-5.5 pct
BRIEF-India's Hindustan Petroleum Posts Consol Profit Of 61.69 Bln Rupees For 10 Months Ended Jan 31
* 10 MONTHS ENDED JAN 31, 2018 CONSOL NET PROFIT 61.69 BILLION RUPEES
** Shares of Indian oil marketing companies continue to be under selling pressure as oil prices hover near 2014-highs