Stocks Tips For Today: Indian equities staged a rebound from their lowest level in nearly two months on Friday. The S&P BSE Sensex ended 1.2% higher at 49,008 while the NSE Nifty 50 index rose 1.3% to close at 14,507. However, Friday’s gains were not enough to prevent the benchmark indices from posting their second straight weekly loss.
HPCL
HPCL Slumps After March Quarter Earnings
Gold Silver Reports (GSR) – HPCL Slumps After March Quarter Earnings – Shares of the state-run oil refiner fell 6 percent to Rs 292 after its profit declined in March quarter.
Key earnings highlights:
📍 Revenue up 6 percent at Rs 60,810 crore
📍 Net profit down 10 percent at Rs 1,748 crore
📍 EBITDA down 8 percent at Rs 2,923 crore
📍 Margin at 4.8 percent
📍 FY18 GRM at $7.40/barrel versus $6.20/barrel (YoY)
IOC, HPCL, BPCL Plunge As Government Asks Not To Hike Fuel Price
Gold Silver Reports (GSR) – IOC, HPCL, BPCL Plunge As Government Asks Not To Hike Fuel Price – Shares of the government-owned oil retailers fell sharply after a report by Bloomberg quoting sources said the government has asked the companies to absorb up to Re 1 per litre rise in fuel prices.