BSE Oil & Gas Index up 1.5%; BPCL top gainer

India Infoline News Service | Mumbai | October 26, 2017 13:44 IST

Shares of state-owned oil refining and marketing companies were up 1-4%, the top performers among Nifty50 stocks, ahead of the announcement of their September quarter results.

Shares of state-owned oil refining and marketing companies were up 1-4%, the top performers among Nifty 50 stocks, ahead of the announcement of their September quarter results.

Today, Oil Minister Dharmendra Pradhan said that oil companies need complete marketing and pricing freedom.

The earnings of these companies are expected to be boosted by higher refining margins.

IOC will announce its earnings for Jul-Sep on Friday, while HPCL will do so on Nov 9.

Bharat Petroleum Corporation Ltd is currently trading at Rs 532.65, up by Rs 22.65 or 4.44% from its previous closing of Rs 510 on the BSE. The scrip opened at Rs 514.9 and has touched a high and low of Rs 533.95 and Rs 510 respectively.

Oil & Natural Gas Corpn Ltd is currently trading at Rs 178.8, up by Rs 2 or 1.13% from its previous closing of Rs 176.8 on the BSE. The scrip opened at Rs 176.9 and has touched a high and low of Rs 180.1 and Rs 175.7 respectively.

Hindustan Petroleum Corporation Ltd is currently trading at Rs 475.9, up by Rs 13.05 or 2.82% from its previous closing of Rs 462.85 on the BSE. The scrip opened at Rs 463.3 and has touched a high and low of Rs 483.75 and Rs 462.85 respectively.


***Note: This is a NSE Chart

 

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