HPCL Shares Fall; Gross Refining Margins Disappoint

Hindustan Petroleum Corp shares fall 2.5 per cent. The company's April-June net profit lagged estimates, analysts say.

Gross refining margins stood at $2.04 per barrel versus estimates of $3.5, analysts add.

Also, HPCL reported inventory losses of around Rs 900 crore. The company had posted inventory gains in the previous fiscal year.

(Reuters)