{"id":498272,"date":"2022-06-15T09:15:42","date_gmt":"2022-06-15T03:45:42","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=498272"},"modified":"2022-06-15T09:36:17","modified_gmt":"2022-06-15T04:06:17","slug":"omcs-under-pressure-hpcl-bpcl-hit-52-week-lows-iocl-slips-3","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/omcs-under-pressure-hpcl-bpcl-hit-52-week-lows-iocl-slips-3\/","title":{"rendered":"OMCs under pressure; HPCL, BPCL hit 52-week lows, IOCL slips 3%"},"content":{"rendered":"<p>Shares of oil marketing companies (OMCs) were under pressure on Tuesday as Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL) hit their respective 52-week lows, while Indian Oil Corporation (IOCL) dipped 3 per cent on the BSE in intra-day trade. In comparison, at 02:30pm, the S&amp;P BSE Sensex was down 0.38 per cent at 52,643 points.<\/p>\n<p>The fall in stock prices comes on concerns of reduction in marketing margins ahead, which although, will be partly offset by higher gross refining margins (GRMs).<\/p>\n<p>Among the individual stocks, HPCL hit a 52-week low, down 6 per cent at Rs 213 on the BSE, falling 10 per cent in the past two trading days. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of oil marketing companies (OMCs) were under pressure on Tuesday as Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL) hit their respective 52-week lows, while Indian Oil Corporation (IOCL) dipped 3 per cent on the BSE in intra-day trade. In comparison, at 02:30pm, the S&amp;P BSE Sensex was down 0.38 per cent at 52,643 points. The fall in stock prices comes on concerns of reduction in marketing margins ahead, which although, will be partly offset by higher gross refining margins (GRMs). Among the individual stocks, HPCL hit a 52-week low, down 6 per cent at Rs 213 on [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-498272","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/498272","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=498272"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/498272\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=498272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=498272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=498272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}