Tuesday, 12 August 2014

HPCL shares fall 2.5% as gross refining margins disappoint

   

     Hindustan Petroleum Corp shares fell 2.5 per cent after analysts said April-June net profit lagged estimates. Gross refining margins stood at $2.04 per barrel versus estimates of $3.5, analysts added.
     Also, HPCLBSE -1.09 % reported inventory losses of around Rs 900 crore. The company had posted inventory gains in the previous fiscal year.
     
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