Stocks to Watch today: OMCs, IT stocks, Raymond Realty, JSW Energy, HAL, NTPC, LT Foods, YES Bank, Avantel and NLC India are among the stocks to watch today, June 23, 2025
Stocks to Watch today, June 16, 2025: From Ireda to oil-linked stocks, here is a list of few shares that will remain on investors' radar today
BPCL, HPCL, IOC, Asian Paints and other downstream oil companies' stock fell, while ONGC, Oil India rose after Brent crude oil spiked 13 per cent
OMC stocks: HPCL, BPCL, IOC shares were under pressure in Thursday's trade as oil prices rose on fresh tensions scaling up in Middle East
Share price of India Glycols hit a new high of ₹1,639.80 on the BSE in Tuesday's intra-day trade and rallied 17% in past two trading days on healthy outlook.
Downstream businesses like the oil marketing companies (OMCs) and gas players gain
Petroleum Ministry officials say long-term solutions are needed as global LPG prices rise and subsidy burdens on OMCs become increasingly unsustainable
OMCs hold 45 days inventory priced at around $75 per barrel crude
Technically, HPCL, BPCL stock seem to be favourably placed on the charts with key support at ₹ 324 and ₹ 255, respectively. IOC stock chart however flags a caution sign.
When oil prices drop, upstream companies face reduced revenue, which can lead to cost-cutting measures, reduced profits, and in some cases, financial losses
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
Despite no Budget FY26 provisions, OMCs may be partially compensated for LPG under-recovery
Panel to submit report on taking blending beyond 20%
A sharp rise in LNG prices threatens to unravel India's projected 12% growth in demand for the fuel this financial year
The FY26 budget has allocated Rs 12,100 crore for LPG subsidiary, far lower than the anticipated value
The Nifty 50 index is down about 10 per cent from its September 2024 highs of 26,277. The last four months have seen month-on-month losses largely due to sustained selling by the FPIs
Despite legal setbacks, the Amit Shah-led ministry has moved rapidly forward and is expected to soon unveil a new set of regulations to further grow the cooperative sector
A fall in oil prices is beneficial to OMCs as their costs for acquiring crude oil for refining drop
Brent crude price today: Analysts prefer aviation and tyre stocks among the lot, but remain cautious on paints and oil marketing companies
Oil-marketing companies may expand from 200 locations to source used cooking oil