Indraprastha Gas, Mahanagar Gas, HPCL hit record highs ahead of Q3 results

HPCL, IOCL, MGL and IGL were up 10%-21% in past one month as compared to 6% rise in the Sensex

Shares of oil marketing companies (OMCs) and city gas distribution companies hit their respective all-time highs on the BSE in otherwise subdued market ahead of October-December (Q3) earnings.

Indraprastha Gas (IGL), Mahanagar Gas (MGL) and Hindustan Petroleum Corporation (HPCL) hit record highs, were up 2% to 4% on the BSE. On comparison, the S&P BSE Sensex was down 0.17% at 28,390 points at 01:05 pm. HPCL, IOCL, MGL and IGL were up 10%-21% in past one month as compared to 6% rise in the S&P BSE Sensex.