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Lower LNG prices impacted HOEC's realisations, development of new blocks a key trigger for growth
Smaller companies have had a good run in September quarter. This suggests that such stocks can give good returns even as the market volatility ensues.
With production ramping, the company is now focusing on steady and sustainable off take of the produce.
Investors with a penchant for investing in high growth businesses should look to add this on any weakness in the current market volatility
Investors with a penchant for investing in high growth businesses should look to add on any weakness in the current market volatility.
The Assam block is now contributing significantly towards revenues and profitability and the company plans to improve volumes rapidly.
Hindustan Oil Exploration Company (HOEC) posted a good set of earnings in Q3 with strong revenue and margin growth. Production from Assam added to revenues and bottomline. In an interview with CNBC-TV18, P Elango, MD of HOEC spoke about the results and his outlook for the company.
HOEC MD P Elango says FY16 has been a good year for the company and its cash on books has increased to Rs 75 crore from Rs 28 crore.
P ELANGO, MD, HOEC, discusses company's fourth quarter earnings and future outlook.