{"id":588762,"date":"2023-07-04T10:06:31","date_gmt":"2023-07-04T04:36:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=588762"},"modified":"2023-07-04T10:52:05","modified_gmt":"2023-07-04T05:22:05","slug":"omcs-rally-up-to-7-on-improved-outlook-hpcl-ioc-scale-52-week-highs","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/omcs-rally-up-to-7-on-improved-outlook-hpcl-ioc-scale-52-week-highs\/","title":{"rendered":"OMCs rally up to 7% on improved outlook; HPCL, IOC scale 52-week highs"},"content":{"rendered":"<p>Shares of oil marketing companies (OMCs) rallied up to 7 per cent on the BSE in Monday\u2019s intra-day trade as rising average gross refining margin, increased sales volume and market share gains have improved the sector\u2019s outlook.<\/p>\n<p>Among the individual stocks, Hindustan Petroleum Corporation (HPCL) rallied 7 per cent to Rs 293.40, while Indian Oil Corporation (IOCL) surged 5 per cent to Rs 96.05 and Bharat Petroleum Corporation (BPCL) gained 4 per cent to Rs 379.85 in the intra-day trade today. HPCL and IOC hit their respective 52-week highs. In comparison, the S&amp;P BSE Sensex was up 0.71 per cent at 65,176 at 12:38 PM.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of oil marketing companies (OMCs) rallied up to 7 per cent on the BSE in Monday\u2019s intra-day trade as rising average gross refining margin, increased sales volume and market share gains have improved the sector\u2019s outlook. Among the individual stocks, Hindustan Petroleum Corporation (HPCL) rallied 7 per cent to Rs 293.40, while Indian Oil Corporation (IOCL) surged 5 per cent to Rs 96.05 and Bharat Petroleum Corporation (BPCL) gained 4 per cent to Rs 379.85 in the intra-day trade today. HPCL and IOC hit their respective 52-week highs. In comparison, the S&amp;P BSE Sensex was up 0.71 per cent [&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-588762","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\/588762","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=588762"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/588762\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=588762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=588762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=588762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}