OMC Stocks

TMS Ep513: Tax collection, air pollution, OMC stocks, Google Search's genAI

Is softness in tax collection a cause for worry? How can India fix its air pollution woes? Should you avoid OMC stocks? Google Search's generative AI experience: How it works? All answers here

Analysts say the already weakening marketing margins will be a concern ahead as the fate of OMCs remains tied to uncertain crude prices and the inability to raise prices amid the coming elections

OMC stocks are displaying bearish sentiment, if fails to hold key supports then could enter medium-term selling bias.

Closing Bell on August 1, 2023: Power Grid, Hero MotoCorp, Apollo Hospitals, IndusInd Bank, Bajaj Finserv, SBI, Adani Ports, Reliance Industries, and Maruti Suzuki were the top laggards

OMCs, however, are concerned that equity infusion might impact their share price, market valuation and market perception

Analysts said Street is worried that sustained oil price hike could put pressure on OMC margins as govt may not pass the entire burden on to customers

TMS Ep394: Car sales in India, BCI's new rule, OMC stocks, G-SIBs

Are car sales moving to the slow lane? How will BCI's new rule change Indian legal landscape? Is it the right time to buy OMC stocks? What are Global Systemically Important Banks? Answers here

BPCL, HPCL and IOC may rise up to 11 per cent in coming sessions, and if they manage to sustain their upward rally, medium-term bias may strongly shift in bull's favour.

After two tight quarters of profit-margin shrinkage due to global volatility, Indian OMCs are expected to see reduction in operational losses in the October-December quarter (Q3FY23).

TMS Ep305: Indian exports, ACMA's Sunjay Kapur, OMC stocks, Friendshoring

What is going wrong with Indian exports? What does ACMA President Sunjay Kapur think of localisation? Are OMC stocks a good bet at the current levels? What is friendshoring? All answers here

Are OMC stocks a good bet at the current levels?

Geopolitical tensions have pushed the prices of brent crude oil by 13% in the last one year. Find out the scenarios that may play out in the oil market next year, and what it means for investors

Analysts believe that OMCs would see further decline in GRMs in Q2FY23, as cracks correct on a sequential basis and lower oil prices would drive sizable inventory losses

Ajay Argal of Franklin Templeton believes that any change in stance to lower the pace or the quantum of rate hikes could provide an interim positive trigger for the markets.

So far in this calendar year, BPCL and HPCL have tumbled 13 per cent, and 14 per cent, respectively. However, frontline indices Nifty50 and the S&P BSE Sensex have remained flat during the same period

Except IOC, which managed to hold 200-DMA, other stocks are in no mood to conquer their respective hurdles yet, technical charts indicate

Shares of multiplex restaurant owners are likely to be in focus on easing of Covid-19 related curbs in Maharashtra.

OMC shares traded mixed with HPCL and IOC down 1 per cent and BPCL marginally in the green

The OMC stocks needs to cross and sustain crucial supports to gain on follow-up momentum.

Shares of Oil and Natural Gas Corporation (ONGC) rose as much as 4.6 per cent to hit an intra-day high of Rs 99.35 apiece on the BSE, while those of GAIL and BPCL gained up to 3.5 per cent

BPCL, HPCL, and IOC have corrected up to 22 per cent since their highs of July.