Shares of Hindustan Petroleum Corporation Ltd (HPCL) fell nearly 5% on Thursday after the company reported a loss in the first quarter, impacted by rising crude oil prices and weaker refining margins.
The weak earnings disappointed investors, triggering selling pressure in the stock. Brokerage firms issued mixed views following the results. While some maintained a cautious outlook due to pressure on profitability and elevated crude prices, others said the recent correction offers long-term value as refining margins are expected to improve.
Analysts believe HPCL’s performance will depend on crude oil trends, fuel marketing margins and government policies in the coming quarters.