175.20 3.30 (1.92%)
NSE Oct 29, 2020 12:34 PM
Volume: 4.0M

ICICI Securities Limited
Average crude oil prices in Q3FY20 remained flattish compared to Q2FY20. On account of stable costs as well as product prices, core marketing margins remained steady during the quarter. The marketing segment reported inventory gain in Q3FY20 against a loss in QFY20. We expect marketing margins to be stable, going forward, as crude prices have declined in the current quarter (Q4FY20-TD). In terms of marketing sales, HPCL reported growth of 3.4% YoY to 9.8 MMT, marginally above our estimates on account of higher petrol and LPG sales. Going forward, we expect marketing sales...
Hindustan Petroleum Corporation Ltd. has lost -42.29% in the last 1 Year
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