Omcs Indian Oil
Poor storage infra at OMCs hurting supplies, say grain ethanol makers
Ethanol is produced largely from sugarcane-based molasses or grain-based sources as feedstock in India
 "Poor storage infra at OMCs hurting supplies, say grain ethanol makers")
HPCL, BPCL, IOC slip up to 4% after CLSA recommends Sell; sees 37% decline
Analysts at CLSA believe that HPCL, BPCL and IOC were pricing-in much higher than historical marketing margins, and a notable premium to the global peers
 "HPCL, BPCL, IOC slip up to 4% after CLSA recommends Sell; sees 37% decline")
Investors may want to bottom fish in stocks of oil marketing companies
Macro conditions could improve and valuations are already low
 "Investors may want to bottom fish in stocks of oil marketing companies")
Commercial LPG cylinder price cut by Rs 100, domestic stays same
A 19 kg LPG cylinder will cost Rs 1,680 in Delhi, Rs 1640.50 in Mumbai, and Rs 1,805.50 in Kolkata
 "Commercial LPG cylinder price cut by Rs 100, domestic stays same")
Sugar mills seek third ethanol supply tender from govt-owned OMCs
The excess production is a major issue as mills had planned to expand ethanol production
 "Sugar mills seek third ethanol supply tender from govt-owned OMCs")
OMCs under pressure; Indian Oil, BPCL, HPCL down upto 4%
In past three months, IOC, BPCL and HPCL have underperformed the market by falling 10% to 19% against a marginal 0.22% decline in the Sensex
 "OMCs under pressure; Indian Oil, BPCL, HPCL down upto 4%")
Indian Oil, HPCL, BPCL gain on report of kerosene subsidy removal
IOC, HPCL and BPCL were up 3% to 5% on BSE in intra-day trade in otherwise weak market
 "Indian Oil, HPCL, BPCL gain on report of kerosene subsidy removal")
OMCs trade weak in firm market; Indian Oil down 5% intra-day
BPCL and HPCL were down in the range of 1%-2% against 0.54% gain in Sensex.
 "OMCs trade weak in firm market; Indian Oil down 5% intra-day")
