BPCL: Gujarat Gas (GGL) shares faced losses, whereas Bharat Petroleum Corporation (BPCL) shares surged in early trading on March 11, following the company’s move to streamline operations and enhance service delivery through a new contract. By 9:34 am, Gujarat Gas was trading at Rs 563.45, marking a decrease of Rs 6.95 or 1.22 percent, while…
Sensex and Nifty: At around 10:00 am, the S&P BSE Sensex dropped 310.32 points to reach 72,832.48, while the NSE Nifty50 declined by 90.05 points to settle at 22,122.65. In short Nifty and Sensex open lower as IT stocks decline. Early trading sees a lot of volatility in markets. Paytm stock hits the upper circuit…
HPCL: BPCL’s reported Gross Refining Margin (GRM) exceeded Kotak’s estimate, but its implied marketing margin fell short of expectations. On the other hand, HPCL’s Q3 results fell below Kotak’s EBITDA estimate, primarily due to a marketing margin lower than anticipated. According to Kotak Institutional Equities, BPCL, a Nifty constituent, and HPCL, a non-Nifty component with…
