HPCL shares are rallying for 10th straight session; here’s why
HPCL shares have gained nearly 26% in the last ten sessions, inching close to its 52-week high of ₹309.85 touched on July 26, 2023.
HPCL shares have gained nearly 26% in the last ten sessions, inching close to its 52-week high of ₹309.85 touched on July 26, 2023.
The board of HPCL has given the approval to raise up to ₹10,000 cr via debt market to fund its oil refining and fuel marketing operations.
With the government pushing for clean energy when domestic gas production is falling, and renewables yet to take off, importing it could be the only option.
The biggest reduction in debt came from companies trying to avoid the noose of bankruptcy proceedings,while oil companies cashed in on falling crude oil prices to reduce their burden.