[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. […]
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 […]