Shares of Hindustan Petroleum (HPCL) rose on October 30 while those of United Breweries declines post-Q2 results announcement.
HPCL
HPCL reported a rise in second-quarter profit on Wednesday, reflecting higher refining margins across its operations.
Standalone net profit rose more than six-fold to Rs 3,830 crore in the three months ended September.
HPCL's gross refining margin - the profit from making refined products from one barrel of oil - rose to $8.80 per barrel for the quarter as compared to $3.12 reported last year.
At 11:55 am on October 30, HPCL shares were trading 1% higher at Rs 473.6 apiece.
India, the world's third largest oil importer and consumer, witnessed an uptick in fuel demand for two of the three months between July and September.
United Breweries
Shares of Kingfisher beer maker United Breweries fell up to 4% to Rs 1,776 on October 30 after the company's Q2 net profit fell 64% YoY and revenue declined 21%.
JPMorgan said the company's Q2 has been "underwhelming" and that operational performance is weaker than expected.
Investec said extended monsoon, high base and decline in sales in key states such as Karnataka and Rajasthan has hurt earnings
So far in 2025, United Breweries shares fell 13%.
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