The robust gross refining margin of $8 a barrel seen in the last quarter of FY15 may slip to $4-6 per barrel in the current fiscal.
Bharat Petroleum Corporation reportedly said that the robust gross refining margin of $8 a barrel reported in the fourth quarter of 2014-15 is not sustainable.
The company expects it to decline to $4-6 per barrel in the current fiscal.
"The fourth quarter GRM had been exceptionally good due to several reasons and these levels are not sustainable. Our GRM will be in the range of $4-6 a barrel going ahead," P Balasubramanian, director-finance, was quoted as saying in ET.
At 11:14 AM, the stock of the company is trading at Rs. 855.30. The stock is trading up 2% from its previous close which was at Rs. 839.45. It hit a high at Rs. 857.50 and low at Rs. 839.10. The total traded quantity is 49,000 and two-week average quantity is 1.15 lakh.
The company expects it to decline to $4-6 per barrel in the current fiscal.
"The fourth quarter GRM had been exceptionally good due to several reasons and these levels are not sustainable. Our GRM will be in the range of $4-6 a barrel going ahead," P Balasubramanian, director-finance, was quoted as saying in ET.
At 11:14 AM, the stock of the company is trading at Rs. 855.30. The stock is trading up 2% from its previous close which was at Rs. 839.45. It hit a high at Rs. 857.50 and low at Rs. 839.10. The total traded quantity is 49,000 and two-week average quantity is 1.15 lakh.
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