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Stocks in news: RIL, TCS, IDFC First Bank, BPCL, SpiceJet
Indian equity markets saw profit booking on April 9, ending a five-day rally. Several companies like RIL, TCS, and IDFC First Bank are in focus due to news and Q4 results. Granules India faces US regulator scrutiny, while SpiceJet is ordered to pay $8 million to an engine lessor.
Non-installation of vapour recovery system: NGT dismisses BPCL's appeal against Rs 1 crore fine
The National Green Tribunal has rejected Bharat Petroleum Corporation Limited's appeal against a Rs 1 crore environmental fine. BPCL failed to install a vapour recovery system in its storage terminals by the March 2024 deadline. The tribunal upheld the Central Pollution Control Board's order, noting the Supreme Court's directive on the matter.
BPCL appoints Sanjay Khanna as C&MD
Bharat Petroleum Corporation (BPCL) announced that its board has approved the appointment of Sanjay Khanna as Chairman & managing director (C&MD) with effect from 9 April 2026.
HPCL, IOC, Petronet shares gain up to 8% as crude cools off; ONGC, Oil India fall
Lower crude prices are typically negative for upstream players like ONGC and Oil India, but positive for downstream refiners such as HPCL, BPCL, and Indian Oil.
Iran war: IOC, BPCL, HPCL may have lost Rs 6/litre on diesel in Q4
State-run oil companies Indian Oil, BPCL, and HPCL incurred substantial losses on diesel sales in the fourth quarter. Petrol margins also saw a sharp decline. This was driven by a surge in crude oil prices, while domestic retail fuel prices remained unchanged. Higher LPG under-recoveries also impacted performance. Gross refining margins showed resilience.
Oil stocks slide: Indian Oil, HPCL, BPCL fall 1-2% as crude oil prices soar past $110 per barrel - Moneycontrol.com
Oil stocks slide: Indian Oil, HPCL, BPCL fall 1-2% as crude oil prices soar past $110 per barrelMoneycontrol.com
HPCL, BPCL, IOCL shares rebound up to 6%. Here are two reasons behind renewed buying
Shares of Hindustan Petroleum, Indian Oil, and Bharat Petroleum saw significant gains on Friday. This surge followed a statement from Israeli Prime Minister Benjamin Netanyahu indicating a de-escalation of conflict with Iran. Crude oil prices eased as a result. The rally also reflects a technical rebound after recent declines. Investors are watching geopolitical developments closely.
OMC stocks rally on softer crude; HPCL, IOC, BPCL shares gain up to 5%
Notably, OMCs' shares have remained volatile over the past two weeks as crude oil prices have surged more than 40 per cent amid the ongoing West Asia conflict involving the US, Israel and Iran
HPCL, BPCL & IOC shares fall up to 7% to hover near 52-week lows. Right time to buy?
Shares of HPCL, BPCL and Indian Oil fell sharply on Thursday as crude oil prices surged past $110 per barrel amid escalating conflict involving Iran and Israel. Brokerages, including UBS, warn earnings may weaken sharply unless fuel pricing or subsidies change.
Crude Oil Price Spike: HPCL, peers fall up to 5%, gas stocks rally as crude spikes to $113/bbl
Higher crude prices typically weigh on oil marketing companies such as HPCL, BPCL, and IOC, as rising input costs can compress margins. Sectors like paints are also impacted, given that nearly 50% of their raw material costs are linked to crude derivatives.
HPCL, BPCL, IOC get another bearish call on higher oil prices; Check new targets
Kotak has raised its oil price assumption to $85 per barrel for financial year 20278 and $75 a barrel for financial year 2028, adding that the ongoing war in West Asia crisis and disruptions in the Strait of Hormuz, skew the risks of higher oil prices to the upside in the next financial year.
Indian Oil, BPCL and HPCL Share Price Slide as Crude Oil Crosses $100 | Stock Market Today - Samco
Indian Oil, BPCL and HPCL Share Price Slide as Crude Oil Crosses $100 | Stock Market TodaySamco