Hindustan Petroleum Corporation
Sensex ends 390 pts higher driven by HDFC twins, metals, Nifty above 18,150
Closing Bell: Within sectors, the Nifty metal index closed with most strength, up 1.5 per cent, followed by financials and pharma pockets, while PSB index slumped the most by over 1 per cent
 "Sensex ends 390 pts higher driven by HDFC twins, metals, Nifty above 18,150")
India's crude import basket at 10-month low but pump prices to remain high
Fear of worsening economic slowdown in China has dealt the latest blow to global crude oil, with daily prices falling to their lowest since January 4, 2022
 "India's crude import basket at 10-month low but pump prices to remain high")
Higher crude realisations have analysts upbeat on ONGC, Oil India
ONGC reported standalone earnings before interest, taxes, depreciation, and amortisation (EBITDA) of Rs 18,810 crore
 "Higher crude realisations have analysts upbeat on ONGC, Oil India")
HPCL slips 4%, nears 52-week low on net loss in September quarter
The state-owned oil marketing company reported the second straight quarterly loss despite revenue rising 30 per cent to Rs 1.13 trillion.
 "HPCL slips 4%, nears 52-week low on net loss in September quarter")
Hindustan Petroleum posts consolidated net loss of Rs 2,172 crore in Q2
The company blamed depressed marketing margins on motor fuels and LPG as the main reason for its profitability being impacted over the latest quarter
 "Hindustan Petroleum posts consolidated net loss of Rs 2,172 crore in Q2")
NITI wants infra projects lagging for decades completed by FY23-end
Shortlists 494 projects, including 279 roads and highways worth Rs 1.92 trillion, petroleum projects worth Rs 1.11 trillion, almost a trillion rupees worth of railway projects
 "NITI wants infra projects lagging for decades completed by FY23-end")
New pricing model aiming to prune jet fuel cost by 15% likely in two months
OMCs to shift to single uniform system instead of the prevailing dual pricing mechanism for domestic and overseas airlines
 "New pricing model aiming to prune jet fuel cost by 15% likely in two months")
Here's why Mehul Kothari is bullish on Hindustan Petro, Whirlpool
According to the technical analyst from Anand Rathi, Hindustan Petroleum can be bought near Rs 237, while Whirlpool of India should be bought above Rs 1,680.
 "Here's why Mehul Kothari is bullish on Hindustan Petro, Whirlpool")
After 5 months, ONGC finally gets a director on Hindustan Petroleum board
After over five months, Oil and Natural Gas Corporation (ONGC) has finally got a director appointed on the board of Hindustan Petroleum Corporation Ltd -- a firm it had acquired for Rs 36,915 crore
 "After 5 months, ONGC finally gets a director on Hindustan Petroleum board")
Fitch enhances ratings of 13 Indian firms to 'moderate downgrade risk'
These companies are either govt-related entities (GREs) with ratings linked to the sovereign rating or pvt entities whose ratings would be downgraded if India's Country Ceiling was lowered to 'BB+'
 "Fitch enhances ratings of 13 Indian firms to 'moderate downgrade risk'")
GAIL, Hindustan Petroleum to pump in Rs 17,000 cr to boost Bengal CNG infra
GAIL, its JV company Bengal Gas Co and Hindustan Petroleum Corporation Ltd's combined investment in various CNG projects in West Bengal will be Rs 17,000 crore over the next five years
 "GAIL, Hindustan Petroleum to pump in Rs 17,000 cr to boost Bengal CNG infra")
 "BS 1000: Most Valuable Indian Companies")
Indian refiner Hindustan Petroleum buys rare Russian Urals crude: Reports
Hindustan Petroleum Corp Ltd has made a rare purchase of 2 million barrels of Russian Urals crude for loading in May, trade sources said.
 "Indian refiner Hindustan Petroleum buys rare Russian Urals crude: Reports")
Mehul Kothari suggests buying Wipro, Hindustan Petroleum; Here's why
Mehul Kothari of Anand Rathi recommends accumulating Wipro as it nears 560-570-mark
 "Mehul Kothari suggests buying Wipro, Hindustan Petroleum; Here's why")
Here's why Mehul Kothari recommends buying Hindustan Petroleum, V-Guard
According to Mehul Kothari of Anand Rathi, traders can accumulate V-Guard Industries share in the range of 222 - 218 with a stop loss of 210 for an upside target of 236 in coming 1 - 2 weeks.
 "Here's why Mehul Kothari recommends buying Hindustan Petroleum, V-Guard")
Hindustan Petroleum Q3 net profit drops 63% on inventory loss
Hindustan Petroleum Corporation Ltd (HPCL) on Monday reported a 63 per cent decline in third quarter net profit as it booked inventory losses.
 "Hindustan Petroleum Q3 net profit drops 63% on inventory loss")
Six Indian companies out of potential fallen angels list, says Moody's
Upgrade of India outlook, easing of Covid-19 pandemic effect trigger action
 "Six Indian companies out of potential fallen angels list, says Moody's")
India begins selling crude oil from strategic reserves in monetisation push
This is being done to make space for HPCL and Mangalore Refinery and Petrochemicals, which will be leasing space in the ISPRL caverns for commercial use
 "India begins selling crude oil from strategic reserves in monetisation push")
OMCs pay 73% higher excise duty even as crude oil prices decline
The top four OMCs paid all-time high excise duty of Rs 2.87 trn in FY21, up from Rs 1.66 trn in FY20
 "OMCs pay 73% higher excise duty even as crude oil prices decline")
Oil marketing firms: Gross refining margin, demand remain under pressure
Q4 numbers were boosted by inventory gains
 "Oil marketing firms: Gross refining margin, demand remain under pressure")
