 "HPCL")
The share price of Indian refining companies saw a spike on Wednesday on expectations of higher margins, with the US refining capacity taking a hit due to Hurricane Harvey.
On the BSE, the Hindustan Petroleum Corporation (HPCL) stock jumped 3.71 per cent to close at Rs 484.75, while Bharat Petroleum Corporation (BPCL) and Reliance Industries (RIL) gained 3.18 per cent and 2.12 per cent, respectively, to settle at Rs 521 and Rs 1,564.15. Indian Oil Corporation (IOC) was the biggest gainer with 3.97 per cent and ended the day at Rs 451.85.
“The stocks have gained on expectations of better
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