OMCs BPCL

Outlook on OMCs: Analysts at Motilal Oswal revised upwards the FY26/FY27 estimates for OMCs factoring in monthly LPG under recovery compensation over Nov'25-Oct'26 under revenue.

In the past one week, the BSE Oil & Gas index up 3.4 per cent, as compared to 0.91 per cent decline in the BSE Sensex.

So far this calendar year, the BSE oil and gas index has delivered gains of nearly 8 per cent.

Elara Capital maintain its positive view on OMCs amid subdued crude prices and expects the government to allow OMCs to earn above-historical integrated margin

The Indian government has increased the price of a 14.2 kg LPG cylinder by ₹50. Simultaneously, the government has raised the excise duty on petrol and diesel by ₹2 per litre, a move impacting OMCs.

Crude oil prices fell below $70 per barrel over US President Donald Trump's new tariffs, raising concerns over a global trade war that could weigh on oil demand

HPCL Q3 released on Thursday, after market hours, showed that the company's net profit increased 257 per cent Y-o-Y to Rs 2544 crore as compared to Rs 712.84 crore a year ago

Brent crude futures climbed $1.48, or 1.86 per cent, to $81.24 a barrel by 0113 GMT after hitting an intraday high of $81.49, the highest since August 27

Despite ending 2024 on a strong note, select PSU stocks such as Oil India, NHPC and Coal India plunged up to 43% from the peaks; technical charts hint at a possible pull-back in the near-term.

Public sector oil marketing firm BPCL on Friday said it has set up a biofuel blend High Flash High-Speed Diesel (HFHSD) bunker at Mumbai Port. The facility, the first-of-its-kind by an OMC in the country, provides shipping companies with a cleaner, biodegradable alternative to traditional fuels, Bharat Petroleum Corporation Ltd (BPCL) said in a statement. This initiative not only supports environmental sustainability but also strengthens BPCL's position as a leader in the Indian bunkering market, it added. It also aligns with the global mandate to decarbonise the shipping sector apart from one of many green initiatives by the company, BPCL said. "Our Project Aspire, with its focus on green energy, is driving our efforts towards a cleaner future. This biofuel blend bunker is a significant step in that direction and positions BPCL as a global bunkering leader," said Sukhmal Jain, Director (Marketing) at BPCL. The company's foray into biofuel blends is part of a broader strategy to .

SRF has given trend line breakout on daily chart and holding well above the same.

According to HPCL, India's ambitious goal of expanding road connectivity, manufacturing, and construction activities is expected to support economic growth and further drive oil consumption in India.

NTPC, Power Grid contributed over 100 points to the BES Sensex so far; while, heavyweights HDFC Bank, Reliance and ICICI Bank were the chief laggards.

Technical charts suggest that Paytm is likely to trade with a favourable bias; while others may display a subdued trend in the near-term.

Analysts said BPCL reported a robust performance in the June quarter (Q1FY25) despite a challenging environment.

Drop in crude oil prices and a bumper profit in Q2 has fuelled the rally so far in oil marketing companies.

The move is also sentimentally negative for OMC stocks as investors fear that price cuts on petrol and diesel could be next in line ahead of the assembly and general elections

OMC stocks are displaying bearish sentiment, if fails to hold key supports then could enter medium-term selling bias.

Fitch ratings have said that announcements of plans to raise equity capital by BPCL and IOC should strengthen their capex spending and the credibility of their emission-reduction plans.

OMC stocks like BPCL, HPCL are better placed on the charts; decisive move over their key hurdles could see next leg of upside