HPCL, Indian Oil, BPCL hit 8-week low; HPCL falls 5% intra-day

In past one month, HPCL, Indian Oil and BPCL have underperformed the market by falling between 10% and 13% against 1.9% decline in Sensex.

Shares of oil marketing companies (OMCs) Hindustan Petroleum Corporation (HPCL), Bharat Petroleum Corporation (BPCL) and Indian Oil Corporation (IOCL) hit their respective eight-week lows on the BSE.

At 9:49 am, HPCL, BPCL and IOCL were down in the range of 2% to 3%, as compared to 0.06% rise in the S&P BSE Sensex. In past one month these three stocks have underperformed the market by falling between 10% and 13% against 1.9% decline in the benchmark index.

Among the individual stocks, HPCL has dipped 5% to Rs 397 on BSE in intra-day trade after the media report suggest