Friday, 24 March 2017

Sensex rises over 100 pts, Midcap outperforms; ICICI, SBI lead gainers

Yesterday HPCL and all other OMCs have declared a second interim dividend and I am sure shareholders will be happy with that. The first interim dividend was declared in February last year. Crude prices are on a downward trend and there is a close watch on the products and the crude prices and then adjust the market prices accordingly. Talking about gross refining margins (GRMs) he expects to end the year (FY17) around USD 6 per barrel.

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