[ad_1] Zomato and Jio Financial have become the newest entrants to the Nifty 50 index, after they started trading on the benchmark index on Friday, March 28. But has history been kind to stocks that enter the Nifty? Or do their wheels of fortune change after they are removed from the index? Here’s a look […]
Lower crude oil prices continue to drive upgrades for HPCL, IOC: Check latest price targets – CNBC TV18
[ad_1] Benign valuations, lower crude prices, and stronger Gross Refining Margins (GRMs) will fuel a rally in state-run oil marketing companies (OMCs), with stocks having the potential to rise by as much as 50%. Brokerage firm Avendus Spark has upgraded Indian Oil Corporation (IOC) Ltd., the country’s largest state-run downstream oil refiner to ‘Buy’ rating. […]
HPCL, BPCL, IOC share price target cut by Jefferies as profitability concerns mount – CNBC TV18
[ad_1] Brokerage firm Jefferies has cut its price target on shares of India’s state-run oil refiners, Hindustan Petroleum Corporation Ltd. (HPCL), Bharat Petroleum Corporation Ltd. (BPCL) and Indian Oil Corporation Ltd. (IOC) on Monday, February 3. Company Value Change %Change Selling pressure was seen in the stocks of these companies after the Budget 2025 made […]
Budget 2025: HPCL, BPCL, IOC shares fall up to 5% on lower LPG subsidy – CNBC TV18
[ad_1] Shares of state-run Oil Marketing Companies (OMCs) – Hindustan Petroleum Corporation Ltd. (HPCL), Bharat Petroleum Corporation Ltd. (BPCL), and Indian Oil Corporation Ltd. (IOC), fell as much as 5% on Saturday, February 1, after the announcements made in the Budget documents with regards to its LPG subsidies. Company Value Change %Change Budget documents revealed […]
HPCL, BPCL IOC shares are ‘more attractive’ after correction: HSBC – CNBC TV18
[ad_1] Global brokerage firm HSBC has reiterated its ‘Buy’ recommendation on oil marketing companies (OMCs) like Hindustan Petroleum Corp (HPCL), Bharat Petroleum Corp (BPCL), and Indian Oil Corp (IOC), citing that the recent stock correction makes them even more attractive. Company Value Change %Change HPCL and BPCL shares have corrected 18% and 28%, respectively, from […]
Indian Oil approves ₹4,382-crore investment for Odisha yarn project – CNBC TV18
[ad_1] State-owned Indian Oil Corporation Ltd (IOCL) on Friday (December 20) said its board has approved the investment for setting up a yarn project at Bhadrak, Odisha, in a 50:50 joint venture with MCPI Private Ltd. Company Value Change %Change The project, estimated at ₹4,382.21 crore, includes a 900 TPD continuous polymerisation (CP) unit along […]
Indian Oil shares get another upgrade, days after their highest price target – CNBC TV18
[ad_1] Brokerage firm Jefferies has upgraded Indian Oil Corporation (IOC) Ltd., India’s largest state-run downstream oil refiner to “buy” from its earlier rating of “hold.” Company Value Change %Change Jefferies has also raised its price target on Indian Oil to ₹185 from ₹165 earlier. The revised price target implies a potential upside of 31% from […]
Indian Oil has highest downside risk among OMCs post Q2 results, says Goldman Sachs – CNBC TV18
[ad_1] Indian Oil Corporation, Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) largely missed Q2 results expectations. Global brokerage Goldman Sachs believes marketing and refining were among the key factors that led to the misses. In a note on November 4, the brokerage said that the EBITDA of the aforementioned oil marketing […]
HPCL, BPCL, IOC shares fall up to 6% on crude oil rebound amidst middle east tensions – CNBC TV18
[ad_1] 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 losses of as much as 6% on Thursday, October 3. HPCL shares have snapped their eight day winning streak, while BPCL and IOC are down for […]
Analyst expects OMCs’ outlook to improve after Haryana and J&K elections, raises BPCL target price – CNBC TV18
[ad_1] Bharat Petroleum, Hindustan Petroleum Corporation and Indian Oil Corporation shares were trading higher on August 20 following an Emkay Global global report reiterating its positive stance on oil marketing companies (OMCs). According to the brokerage firm, the earnings run rate of OMCs in the second quarter indicates sequential recovery backed by better marketing margins. […]