OMC stocks plunge up to 8% on cut in petrol, diesel prices; HPCL top loser

March 15, 2024

OMCs’ stocks plummeted up to 8% after a Rs 2 per litre price cut, impacting margins. Major companies like HPCL and BPCL faced significant share price declines. Motilal Oswal expects negative stock price reactions in near term.

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