HPCL shares fall; gross refining margins disappoint

Reuters Market Eye - Hindustan Petroleum Corp shares fall 1.5 percent. The company's April-June net profit lagged estimates, analysts say.

Gross refining margins stood at $2.04 per barrel versus estimates of $3.5, analysts add.

Also, HPCL reported inventory losses of around 9 billion rupees. The company had posted inventory gains in the previous fiscal year.

(Reporting by Abhishek Vishnoi)