The main concern of the small promoter holding is not true. The promoters hold around 75 per cent through GDRs issued earlier. Ref:a. CALS Refinery confident of funds despite a tight market b. Cals Refinery is a BUY
The refining margin is the difference between the price of the finished petroleum product and the cost of crude oil.
Note: Penny stocks can be bought through india infoline. HDFC secs doesnt allow trading in penny stocks.
