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Silver lining for OMCs: Low crude oil prices signal structural gains

HPCL may benefit more from improvement in marketing margins

Topics
oil marketing companies | state-run oil marketing companies | HPCL

Ujjval Jauhari  |  New Delhi 



oil
Crude oil prices falling to 18-year lows have many long-term triggers for these companies. Shares of OMCs, after hitting 52-week lows recently, have rebounded up to 15 per cent in the last two trading sessions, and could gain more.

Shares of state-owned (OMCs) such as Hindustan Petroleum (HPCL), Bharat Petroleum (BPCL) and Indian Oil (IOC) are off 30-40 per cent from their 2020 highs led by the sell-off in broader markets. However, there is a silver lining too. falling to 18-year lows has many long-term triggers for these . Shares of the OMCs, after hitting 52-week lows recently, have thus rebounded up to 15 per cent in last two trading sessions. And could gain more.

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First Published: Thu, April 02 2020. 20:11 IST

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