HPCL Shares Fall 3% After Q2 Results; JM Financial Raises Concerns
HPCL shares dropped 3% following the release of its Q2 financial results. Despite better-than-expected refining performance, JM Financial expressed caution due to inventory-driven gains, increased debt levels, and worries about returns from the ₹79,500 crore Rajasthan refinery project. The financial firm highlighted these factors as risks to the quality of HPCL's earnings.
ET Energy·



