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Oil companies will be market outperformers

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Last Updated : Feb 26 2013 | 1:25 AM IST

BPCL and HPCL post handsome profits despite inventory losses and slack volumes

BPCL & HPCL

Petro prices boost profits

Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) beat market expectations by reporting over 30 per cent increase in net profits.

Both companies showed sale growth of 11 per cent primarily because of improved petro product prices since volumes dipped. Refining margins were lower.

HPCL