Oil marketing firms close at lifetime highs
PVR, UltraTech Cement, Somany Ceramics, Dalmia Bharat, Bajaj Auto and Bajaj Finserv hit their respective record highs.
 "Oil marketing firms close at lifetime highs")
Shares of oil marketing companies (OMCs) are on a roll with all three listed firms – Hindustan Petroleum Corporation (HPCL), Bharat Petroleum Corporation (BPCL) and Indian Oil Corporation (IOC) – closing at their respective lifetime highs on the BSE Sensex on Tuesday. These stocks closed higher between three-five per cent, as compared to 0.15 per cent rise in the index.
In the past two months, all three stocks outperformed the market by surging between 20-33 per cent as compared to a 9.4 per cent gain in the benchmark index.
OMCs’ performance is on the rise, led by scope for meaningful increase in marketing margins and profitability, slower ramp-up by private marketers, high volume growth, aided by expected gross domestic product growth, and improving balance sheet with increasing cash flow, according to analysts at Motilal Oswal Securities.
Analysts at Antique Stock Broking expect OMCs to report sequentially flat earnings, with the exception of IOCL, where earnings are likely to stand better on lower base of the quarter ended March 2016. Weak refining margins would likely get offset by plausible inventory gains and healthy fuel consumption growth during the quarter.
Meanwhile, 20 scrips – including PVR, UltraTech Cement, Somany Ceramics, Manpasand Beverages, Bajaj Auto, Dalmia Bharat and Bajaj Finserv – from the BSE500 & Nifty 500 hit record highs during intra-day trade.
In the past two months, all three stocks outperformed the market by surging between 20-33 per cent as compared to a 9.4 per cent gain in the benchmark index.
OMCs’ performance is on the rise, led by scope for meaningful increase in marketing margins and profitability, slower ramp-up by private marketers, high volume growth, aided by expected gross domestic product growth, and improving balance sheet with increasing cash flow, according to analysts at Motilal Oswal Securities.
Analysts at Antique Stock Broking expect OMCs to report sequentially flat earnings, with the exception of IOCL, where earnings are likely to stand better on lower base of the quarter ended March 2016. Weak refining margins would likely get offset by plausible inventory gains and healthy fuel consumption growth during the quarter.
Meanwhile, 20 scrips – including PVR, UltraTech Cement, Somany Ceramics, Manpasand Beverages, Bajaj Auto, Dalmia Bharat and Bajaj Finserv – from the BSE500 & Nifty 500 hit record highs during intra-day trade.
| COMPANY | LATEST | ALL TIME HIGH | PREV HIGH | PREV DATE |
| ATUL | 2136.15 | 2184 | 2146 | 18-Jul-16 |
| B P C L | 572.05 | 582 | 576.23 | 12-Jul-16 |
| BAJAJ AUTO | 2750.25 | 2766 | 2761.15 | 18-Jul-16 |
| BAJAJ FINSERV | 2496.7 | 2512 | 2490 | 12-Jul-16 |
| BERGER PAINTS | 232.25 | 235 | 232.86 | 11-Jul-16 |
| DALMIA BHAR. | 1239.75 | 1245 | 1238.15 | 18-Jul-16 |
| ESSEL PROPACK | 213.95 | 224.4 | 224 | 13-Jul-16 |
| GULF OIL LUBRIC. | 588.45 | 590 | 590 | 11-Jul-16 |
| H P C L | 1107.45 | 1115.25 | 1098.8 | 12-Jul-16 |
| I O C L | 493.35 | 496 | 488 | 18-Jul-16 |
| LAK. VILAS BANK | 116.7 | 118.9 | 117.95 | 18-Jul-16 |
| MANPASAND BEVER. | 698.35 | 713.8 | 687.3 | 18-Jul-16 |
| MARICO | 277.85 | 282.7 | 281.4 | 15-Jul-16 |
| NAVIN FLUO.INTL. | 2182.65 | 2290 | 2255 | 15-Jul-16 |
| PIRAMAL ENTERP. | 1573.95 | 1593 | 1589.2 | 15-Jul-16 |
| PVR | 1114.35 | 1147 | 1072.8 | 30-Jun-16 |
| REPCO HOME FIN | 795.7 | 803.7 | 801.8 | 27-Jun-16 |
| SHREE CEMENT | 16195.5 | 16398.85 | 16269.9 | 12-Jul-16 |
| SOMANY CERAMICS | 606.2 | 659.8 | 604.25 | 01-Jul-16 |
| ULTRATECH CEM. | 3507.75 | 3562 | 3559.25 | 15-Jul-16 |