Stock pick of the week: How HPCL is thriving on marketing strategy

Hindustan Petroleum Corporation Limited (HPCL) has reported a jump in its net profit during the first quarter of 2020-21 despite a 38% fall in revenues and reduction in refining margin. Higher profit from its marketing division is the first reason for this feat. Inventory gains of Rs 630 crore which includes Rs 200 crore from refining division and Rs 430 from marketing division, is another factor that boosted the net profit.HPCL also fared