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Source: Live Mint BPCL Q4 Results: Oil market company (OMC) Bharat Petroleum Corporation Limited (BPCL) posted an 8% decline in its consolidated net profit to ₹4,392 crore for the March 2025 quarter, compared with ₹4,789.57 crore in the same quarter last year. The PSU company posted its Q4 results post stock market trading hours on…
Source: Live Mint The price of Brent crude oil has fallen to $61 per barrel from an average of $79 per barrel in January, when the Trump administration took charge. There are several reasons for the sharp fall. One, the ongoing tariff war threatens to slow down global economic activity, which could hurt demand for…
Source: Live Mint Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Ltd (HPCL), and Bharat Petroleum Corporation Ltd (BPCL) are set to deliver robust earnings in H2FY25, making their stocks appealing at current levels, analysts noted. Despite rangebound stock performance post-Q2FY25 results, favorable factors such as stable crude oil prices ($70-$75 per barrel) and improving Gross…
Source: Live Mint Buy or sell stocks: Following the profit-booking trigger on Wall Street at record higher levels, the Indian stock market ended lower on Friday. The Nifty 50 index went off 30 points and closed at the 24,677 mark; the BSE Sensex shed 117 points and finished at 81,648, whereas the Nifty Bank index…
Source: Live Mint OMC Q2 Review: Oil marketing companies (OMCs), including Indian Oil Corp Ltd (IOCL), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL), reported a double-digit decline (between 70-99 per cent) in their respective net profit during the July-September quarter for fiscal 2024-25 (Q2FY25). Along with weaker refinery margins, OMCs also…
Source: Business Standard 2 min read Last Updated : Oct 15 2024 | 1:24 PM IST Oil marketing companies (OMCs) — Hindustan Petroleum Corporation Ltd (HPCL), Bharat Petroleum Corporation Ltd (BPCL), and Indian Oil Corporation (IOC) — jumped up to 5.1 per cent in Tuesday’s intraday trade on the BSE. The rally came after…
Source: Live Mint Shares of Bharat Petroleum Corporation (BPCL) jumped approximately 7 percent, reaching a new all-time high of ₹370.50 on the NSE, fueled by strong trading activity. By midday, a total of three crore shares had been traded on both the BSE and NSE combined, significantly surpassing the one-month average trading volume of one…
Source: Live Mint Brent crude futures have lost nearly 25 per cent year-to-date (YTD) over softer demand and a low-risk premium so far in 2024. At its lowest in the last nine months, the crude oil benchmark declined to a 33-month low at under $70 per barrel due to continued weakness in Chinese economic growth…
Source: Business Standard 4 min read Last Updated : Sep 11 2024 | 11:01 PM IST Oil price below $70/barrel: As Brent crude oil price trades below the psychological level of $70 per barrel, analysts are backing certain oil-linked stocks to play the momentum. They prefer aviation and tyre stocks among the lot,…
