HPCL, BPCL Stocks Plunge Up to 8% as Crude Oil Approaches $120

Entertainment National Sports Markets Business & Economy Lifestyle World Astrology & Religion Technology Education & Jobs Auto Politics Viral Opinions

Loading more articles...

HPCL, BPCL Shares Plunge 8% as Crude Oil Nears $120; OMCs Face Margin Pressure

HPCL, BPCL Shares Plunge 8% as Crude Oil Nears $120; OMCs Face Margin Pressure

C

CNBC TV18•09-03-2026, 09:32

HPCL, BPCL Shares Plunge 8% as Crude Oil Nears $120; OMCs Face Margin Pressure

•HPCL, BPCL, and Indian Oil Corporation Ltd shares dropped up to 8% on Monday, March 9.
•The decline is due to crude oil nearing $120 per barrel, impacting OMCs' marketing margins and operating performance.
•Crude prices surged nearly 30% on Monday, continuing a record-breaking trend, with no pump price hike expected.
•ICICI Securities analyst Probal Sen projects HPCL could face significant losses, potentially a negative EPS of ₹80-90.
•Rising oil prices negatively affect Indian markets; global markets are also roiled, with Gulf nations cutting production.

Read Full Article on Cnbc in English

✦

More like this

✦

More like this

Oil Prices Skyrocket: Indian Companies from OMCs to Aviation Face Major Impact

Oil Prices Skyrocket: Indian Companies from OMCs to Aviation Face Major Impact

Crude Oil Surge Hits OMCs: HPCL Nears 52-Week Low, Brokerages Cut Targets

Crude Oil Surge Hits OMCs: HPCL Nears 52-Week Low, Brokerages Cut Targets

Crude Oil Price Spike: HPCL, peers fall up to 5%, gas stocks rally as crude hits $113/bbl

Crude Oil Price Spike: HPCL, peers fall up to 5%, gas stocks rally as crude hits $113/bbl

Hindustan Petroleum: UBS expects the company’s earnings to grow, driven by robust domestic fuel demand. The group's capital expenditure plans for its core refining and marketing business, along with renewable energy initiatives, are also expected to support long-term growth prospects.

HPCL Nears 52-Week Low as Crude Spike Hits OMCs; Kotak Cuts Price Targets

A nozzle pumps petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas

HPCL, IOCL Hike Premium Petrol Prices; IOCL Raises Industrial Diesel Rates Sharply

OMC Shares

OMC Stocks Crash 9% as Oil Surges Amid US-Iran War; UBS Downgrades HPCL, BPCL, IOC