Shares in Petroleum Major, HPCL rallied after Citi upgraded the stock. The Brokerage Firm upgraded the stock to buy from neutral increasing the price target to Rs 713.
The stock was last trading at Rs 518, up almost 2 per cent on the National Stock Exchange.
HPCL has been gaining ground ever since an oil price slump began. Brent Crude has touched a three week low, while fuel petrol and diesel prices have fallen to multi-lows in India.
HPCL is among the major oil refiners in India along with BPCL and Indian Oil. Falling crude prices are expected to boost margins at the company and help sustain the share price.
GoodReturns.in
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
Sign in with Google