Analysts attributed the sharp outperformance in Adani Total Gas to favourable government policies, strategic price hikes, and improving sentiment around the broader Adani Group
Hitesh Tailor, technical research analyst at Choice Broking highlights that HPCL, BPCL and Gail India have bounced back after taking support around their respective 200-week EMAs.
Oil prices slipped to a two-week low on Monday amid optimism over a potential US-Iran agreement
BPCL shares gained after Q4FY26 results, but brokerages remain cautious due to crude prices, LPG under-recoveries and weaker FY27 earnings outlook
Stocks to Watch today, May 20, 2026: BPCL, Karnataka Bank, Hindalco, Mankind Pharma, and JSW Energy are some of the key stocks to watch today
State-run oil major says recent increase in retail fuel prices has eased pressure amid soaring crude prices and mounting under-recoveries
Petrol and diesel prices were raised by around 90 paise per litre on Tuesday, marking the second fuel price hike in less than a week
Q4FY26 company results: Firms including Zydus Lifesciences, BASF India, PI Industries, Zee Entertainment, and Bosch Home Comfort India are also to release their January-March earnings today
The upward revision in prices for both fuels, said Jyotivardhan Jaipuria, founder and managing director at Valentis Advisors, was already expected though the quantum of ₹3 per litre seems too less.
Rajesh Bhosale, technical analyst at Angel One highlights that BPCL and IOC have consistently faced resistance around their respective 50-day EMAs on the charts in recent past.
Public sector OMCs, including Indian Oil, BPCL, and HPCL, have been incurring losses of about ₹20 per litre on petrol and nearly ₹100 per litre on diesel due to elevated global crude prices
Stocks to watch today: Stocks of OMCs, Adani Group, Tata Steel, JSW Steel, United Spirits, Voltas, HFCL, HCC, Apollo Tyres, are among the key stocks in focus today.
Among the index constituents, Mahanagar Gas fell around 4.5 per cent, followed by IOCL, BPCL, Adani Total Gas, HPCL, Petronet LNG, Chennai Petroleum, and GAIL down over 2 per cent each
At the top of the list is Bharat Petroleum Corporation (BPCL), which offers the highest dividend yield of 7.5 per cent
Market analysts attributed the sharp spike in crude oil prices to supply disruptions amid concerns that output from key West Asia producing regions may remain constrained for longer
On its part, the government has denied reports of hiking petrol and diesel prices despite the surge in crude oil in the backdrop of the conflict in West Asia.
Emkay Global has cut ratings on OMC stocks as rising crude and windfall tax may hit margins. The brokerage sees up to 60% decline in FY27 earnings for HPCL, BPCL, IOCL
Stocks to watch today: Wipro, Angel One, Jio Financial Services, Max Healthcare, HDFC AMC, HDFC Life, BPCL, Waaree Renewable and RVNL are among the key stocks in focus today.
BPCL says investment in Brazil's SEAP-I project will provide access to equity crude, helping strengthen India's energy security and diversify supply sources
Crude oil prices fell for a second day on Wednesday on expectations that peace talks between the US and Iran may resume