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OMC Stocks Hit 52-Week Low On Crude Oil And Rupee Woes
Shares of three state-run oil marketing companies (OMCs) including HPCL, BPCL and IOCL hit their 52-week low prices in intra-day trade on Wednesday. All of these listed PSU OMCs have dropped in intra-trade by 3-4% on the BSE. HPCL ...
Oil Marketing Companies Share Spurt On Iran Deal
Shares in oil marketing companies rallied sharply on hopes that a Iran nuclear deal would keep crdude prices low for long. Lower crude prices is beneficial for oil marketing companies like Bharat Petroleum Corporation, Hindustan Petroleum and Indian Oil Corporation. ...
Rupee slide to impact IOC, BPCL most: Fitch
New Delhi: Global rating agency Fitch said the rupee depreciation will have highest impact on state- owned oil marketing companies, including IOC and BPCL. "The risks to standalone financial profiles are highest for state-controlled petroleum marketing companies among the Indian ...
OMC stocks flare-up on freedom to price diesel
Shares in Oil Marketing Companies, ONGC and Oil India flared, following reports of de-regulation of diesel prices. Oil Minister, Veerappa Moily today said that oil marketing companies were free to make periodic changes to diesel prices. HPCL rallied 5.32 ...
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