Shares of India’s state-run oil marketing companies – Hindustan Petroleum Corporation Ltd. (HPCL), Bharat Petroleum Corporation Ltd. (BPCL), and Indian Oil Corporation Ltd. (IOC), are trading with gains of as much as 10% on Monday. HPCL shares are outperforming its OMC peers, trading with gains of over 9%.Indian PSU companies are seeing strong gains on Monday after exit polls projected the current Narendra Modi government to return to power for a historic third term in office.
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