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Oil marketing companies slip 2% to 4%, HPCL, BPCL hit 52-week lows

HPCL, BPCL, Indian Oil and MRPL were down 2% to 4% on the BSE.

Oil marketing companies HPCL, BPCL hit 52-week lows
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SI Reporter Mumbai
Shares of oil marketing companies (OMCs) were trading lower in the range of 2% to 4% on the BSE in early morning trade on Thursday after global crude oil prices hit 3-year high on Wednesday.

Hindustan Petroleum Corporation or HPCL (down 4% at Rs 308), Bharat Petroleum Corporation or BPCL (down 3.7% at Rs 390) and Mangalore Refinery & Petrochemicals or MRPL (down 3% at Rs 104) have hit their respective 52-week lows on the BSE in intra-day trade today.

Indian Oil Corporation (IOC) trading 2% lower at Rs 161, too quoting close to its 52-week low of