HPCL jumps nearly 5% after Q4 results
Source: IRIS | 29 May, 2015, 12.21PM
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 Hindustan Petroleum Corporation (HCPL), an Indian state-owned oil marketing company, witnessed a sharp rise in share price on Friday. HPCL's net profit grew 39% to Rs.21.62 billion. Net sales were down 30.5% to Rs.445.50 billion over the year-ago quarter. Lower crude oil prices impacted topline.
Shares of the company are trading at Rs 668, up Rs 31.15, or 4.89% at the Bombay Stock Exchange (BSE) on Friday at 12:16 p.m. Total volume of shares traded on the bourses today was higher by 177.23% to 2,001,221 compared with 22-day average volume of 721,860.
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