HPCL scrip up 2% on oil price fall

The HPCL scrip rose 2.05 per cent to Rs 361.4 on Tuesday due to a 4 per cent fall in crude oil prices on the New York Merchantile Exchange on Monday. The shares of BPCL and IOC also rose on the back of this news.

Lower crude oil prices will help reduce under-recoveries of state-run oil firms on domestic sale of auto and cooking fuels. The stock made an intraday high of Rs 369.3 and low of Rs 355.55. Trading volumes stood at 3.5 lakh shares.