The Energy sector is weakening.
Further news of Imports which may hit the bottom line.
Already the picture is bleak as the average Asian gasoline profit margin this year as of Sept was $4.12 a barrel, down nearly 45% of its value when compared to the same period in 2018.
Trade Execution :
The 230 PE for Sep 26 expiry is trading at 1.60 odd & Cash Price is at...
CMP 253.40 | PRZ 223.50-225.60 | SL 214 | T1 242 | T2 253
Chart by @avyaktha on 04-08-2019
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Hindustan Petroleum Corporation Limited is a holding company. The Company is engaged in the business of refining of crude oil and marketing of petroleum products. It operates through two segments: Downstream, and Exploration and Production of Hydrocarbons. The Downstream segment engages in refining, marketing and transportation of petroleum products. It offers motor spirit, high-speed diesel and liquefied petroleum gas (LPG). Its products and services include aviation turbine fuel; bulk fuels and petroleum products that are marketed to industrial consumers; LPG (HP Gas); Lubes (HP Lubes), and product pipelines. It has refineries at Mumbai and Vishakhapatnam, LPG bottling plants and Lube blending plants. Its refineries upgrade the crude petroleum into various products and over 300 grades of lubricants, specialties and greases. The Company's marketing infrastructure includes a network of installations, depots, retail outlets, aviation service stations and LPG distributors.
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HINDPETRO
