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)   

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Bata India Jumps On Reporting Strong Q4 Earnings

Gold Silver Reports (GSR) – Bata India Jumps On Reporting Strong Q4 Earnings – Shares of the Gurugram-based shoe maker rose as much as 4.3 percent, the most in over a month, to Rs 782.20 after its profit and revenue surpassed Bloomberg consensus estimates in March quarter.                   

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Fuel Prices Raised For Tenth Day In A Row

Gold Silver Reports (GSR) – Fuel Prices Raised For Tenth Day In A Row – State-run oil marketers hiked petrol and diesel prices for the tenth day in a row. The price of petrol was hiked by 29 paise today to Rs 84.9 a litre in Mumbai and diesel was raised by 28 paise to Rs 72.76 a litre, according to data released by Indian Oil Corporation Ltd.                    

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Fab Four Stocks Of The Day

Fab Four Stocks Of The Day Just Dial Share Price: The Mumbai-based local search engine rose as much as 9 percent to Rs 443.65 Tata Motors Share Price: The Mumbai-based parent of luxury car maker Jaguar Land Rover rose as much as 4.5 percent to Rs 309.25. China will cut …

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