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Source: Live Mint Shares of smallcap stock BCL Industries rallied over 7% in trade on Wednesday, February 19, after it received an order worth ₹134.87 crore for the supply of ethanol to oil marketing companies (OMCs). The shares of BCL Industries traded in the green throughout the session but witnessed a spike in the last…
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 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 After a board meeting held on September 30, 2024, IOC opted to cancel the rights issue | Photo: Shutterstock 2 min read Last Updated : Sep 30 2024 | 5:31 PM IST Indian Oil Corporation (IOC) attracted attention on Monday (September 30) following its announcement to withdraw its Rs 22,000 crore…
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…
