IDBI Capital: HPCL’s First -Ever Buyback A Positive
BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
IDBI Capital Report
Hindustan Petroleum Corporation Ltd.’s Q2 FY21 result was largely in line with our forecast while it was a beat to consensus estimates.
Higher inventory gains and gross refining margin were partially offset by lower volumes.
Reported GRM came at $5.1/barrel of oil owing to inventory gain of Rs 5.2 billion ($2.4/bbl) while core GRM stood at $2.8/bbl, beat our estimate.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.