News for Hindustan Petroleum Corporation Limited (HINDPETRO.BO)

MRPL shares rose 6.4% on earnings recovery hopes despite a Q1 loss due to shutdowns and weak margins. Yes Securities retained a ‘buy with a Rs 180 target. Strong Q2 outlook, discounted Russian crude, and future petrochemicals expansion support long-term growth, while an HPCL merger appears unlikely before FY27.

The IDBI transaction is expected to fetch around <span class='webrupee'>₹</span>50,000 crore for the central government and Life Insurance Corporation, which together hold over 94% in the bank. Both plan to divest 60.72% of the combined shareholding.

Ocior Energy secured a bid to supply 5,000 tonnes of green hydrogen annually to HPCL's Visakhapatnam refinery at ₹328 per kg, excluding GST. This project, structured on a build, own, operate basis for 25 years, marks HPCL's move towards replacing grey hydrogen with green alternatives. Ocior Energy will establish the green hydrogen unit, integrating it with HPCL's existing infrastructure.

In-depth analysis of LPG consumer complaints in India's top oil companies reveals key issues and recommendations for improvement.

SPV Mahathi Cuddalore Port and Maritime Pvt. Ltd to develop Cuddalore port with Tamil Nadu Maritime Board.

An FIR was filed in Ratlam after Chief Minister Mohan Yadav's convoy faced issues due to adulterated fuel. The incident prompted the state government to investigate petrol pumps. Bharat Petroleum Corporation Limited cited heavy rainfall as a cause. Inspections were conducted, and fuel samples were seized. Oil companies were instructed to inspect petrol pumps and ensure quality fuel.

Shares of BPCL, HPCL, and IOC are likely to stay in focus after crude oil prices tumbled below $70, following Irans missile strike on a U.S. base in Qatar in response to American airstrikes. The 6% drop reflects a restrained retaliation that avoided disrupting oil supply routes, suggesting Iran may be aiming to de-escalate further conflict.

Share prices of ONGC and Oil India surged on Monday as heightened tensions between Israel and Iran have propelled global crude oil prices, benefiting upstream producers. Conversely, share prices of oil marketing companies such as IOCL, BPCL and HPCL and tyre manufacturers like MRF, JK Tyre & Industries and CEAT faced declines due to concerns over rising input costs.

Following Israel's airstrikes on Iran, oil prices surged, triggering concerns about geopolitical instability and potential supply disruptions. Reliance Industries and Indian oil marketing companies experienced declines due to rising crude costs. Market volatility increased as investors sought safe-haven assets amid fears of prolonged conflict and its economic consequences.

Shares of Oil and Natural Gas Corporation (ONGC) climbed 3.2% to Rs 255.15 on the BSE, while Oil India surged up to 5% to Rs 488.80. The rally followed a more than 4% overnight jump in global oil prices, reaching their highest levels since early April, driven by concerns over potential supply disruptions in the Middle East.

Stock Market today | Share Market Live Updates - Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 9 May 2025.

Short-term trend is up for HPCL stock, with potential to reach ₹435; traders can go long at ₹387 with stop-loss at ₹365.

The stock idea that we have for you today is Hindustan Petroleum Corporation Limited (HPCL)

Indian equity markets ended higher for the week, with the Sensex up 1.6% and Nifty gaining 1.3%, led by largecaps. Smallcaps lagged amid rising volatility. Key triggers ahead include the US Fed rate decision, Q4 results from SBI and Kotak Bank, India-Pakistan border tensions, and crude price swings. FIIs remained net buyers and the Rupee appreciated past 84/USD.

LPG price hike is a "sentimental" positive for OMCs, while the rise in excise duty will impact their margins, say analysts

Hindustan Petroleum Corporation Ltd (HPCL) shares surged the most, rising 4% to a day's high of Rs 367.50 on the BSE, followed by Bharat Petroleum Corporation Ltd (BPCL) shares, which climbed 2.7% to Rs 281.80. Meanwhile, Indian Oil Corporation (IOC) shares increased by 2%, reaching Rs 131.

India Business News: RailTel Corporation's shares jumped 9.6% after securing a Rs 25.15 crore contract from HPCL for MPLS/Internet services over five years. Despite recent

RailTel secures ₹25.15 crore contract from HPCL for MPLS/ILL links services, shares rise by 5.60% on NSE.

RailTel share price: The scrip traded higher than the 5-day, 10-, 20-day and 30-day simple moving averages (SMAs) but lower than the 50-day, 100, 150-day and 200-day SMAs.