Analysts at YES Securities have recommended a 'BUY' rating on Chennai Petro, MRPL, BPCL and Reliance Industries on the back of upbeat prospects for these oil refining companies.
In the past one week, PSU index has outperformed the market by gaining 1.5 per cent, as against 0.4 per cent decline in the BSE Sensex.
Mangalore Refinery and Petrochemicals share price zoomed 8.83 per cent to log an intra-day high of ₹154.55 per share on the BSE on Thursday
Oil & Gas stocks declined in trade after US President Donald Trump threatened to raise tariffs in Indian imports over the purchase of a "massive" amount of Russian crude oil
MRPL share price rose 5.6 per cent, logging an intraday high at ₹146.95 per share on the National Stock Exchange (NSE) after Yes Securities bullish stance