Commodities & currencyMint
Should you invest in HPCL, BPCL, IOCL and other OMC stocks now as oil not on the boil anymore; slips below $90/barrel
Positive+1
GreyOak summary
Brent crude briefly fell below $90/barrel, boosting investor sentiment for Indian OMCs HPCL, BPCL, and IOC. Shares of these companies gained 10% to 13.5% in November due to expectations of improved margins. Analysts caution that benefits depend on stable domestic prices and warn against aggressive buying after the recent rally.
What it affects
- Indian Oil CorporationIOCPositive +1
Shares gained 10-13.5% on lower crude costs.Rolling sentiment Positive +30
- Bharat Petroleum CorporationBPCLPositive +1
Shares gained 10-13.5% on lower crude costs.Rolling sentiment Negative -28
- Hindustan Petroleum CorporationHINDPETROPositive +1
Shares gained 10-13.5% on lower crude costs.Rolling sentiment Neutral +1
Source
Read the original at MintMore Indian Oil Corporation news
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