Stocks to Watch Today: Aditya Birla Capital, Apollo Tyres, GSPL, HCC, L&T, RBL Bank, Siemens and Tata Motors ahead of Q4 earnings; Prudent Corporate Advisory Services IPO to close on Thursday.
These 5 PSU stocks can jump as much as 25 per cent from the current levels, provided the overall market momentum stays strong
Stocks to Watch Today: Tata Steel will stop doing business with Russia, the Indian steel major said on Wednesday
The stock hit over three-year high of Rs 65.45, after rallying 13% on the BSE in Wednesday's trade, on the back of heavy volumes.
Western sanctions on Russia over its invasion of Ukraine has prompted many companies and countries to shun its oil. This has led to Russian crude being available in the market at deep discounts
The Mangalore Refinery and Petrochemicals Limited (MRPL) posted a net profit of Rs 969 crore during the third quarter of 2021-22 against a loss of Rs 76 crore in the corresponding period in 2020-21.
ONGC is likely to look at merging its two oil refining subsidiaries, Hindustan Petroleum Corp and Mangalore Refinery and Petrochemicals, post-June 2021, its chairman Shashi Shanker said
Shares of the company closed at Rs 28.85 a unit on BSE, down by 0.86 per cent
The deal comes as Indian refiners ramp up purchases of U.S. oil to compensate for the loss of Iranian oil supplies
Delivery to take place between February 1 and 10
MRPL aims to expand refinery capacity to 500,000 barrels per bpd from 300,000 bpd
The crude is being pumped into the underground Mangalore cavern for testing the facilities
MRPL currently operates just two retail outlets in Karnataka and looks to expand further to cash in on road traffic growth in India
The company's scrip closed at Rs 79.30, down 1.06 per cent on Friday at BSE
Company will upgrade facilities in wake of the Centre's auto fuel up-gradation policy to produce BS VI grade fuel by April 2020