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HPCL Q3 Results Review - Beat In Estimates, Led By Higher-Than-Expected Gross Refining Margin: Motilal Oswal

HPCL has highest leverage to marketing amongst OMCs and would benefit the most due to improvement in marketing margins.

<div class="paragraphs"><p>Signage of Hindustan Petroleum Corporation Ltd. seen at one of its petrol pump station in Bengaluru, India. (Photo: BQ Prime)</p></div>
Signage of Hindustan Petroleum Corporation Ltd. seen at one of its petrol pump station in Bengaluru, India. (Photo: BQ Prime)
BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
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