HPCL surges 8% on multi-fold rise in Q4 profit
NEW DELHI: Shares of HPCL NSE 4.39 % climbed 8 per cent in Friday’s trade after the oil marketing company reported a multi-fold jump in March quarter profit.
The OMC reported Rs 3,018 crore in March quarter profits on the back of inventory gains and rise in refining margins. The company had a net profit of Rs 27 crore in the year-ago quarter.
Following the development, the stock rose 8.14 per cent to hit a high of Rs 288.15 on BSE.
