Recovery in marketing margins, lower oil prices to restore OMC profitability in FY24: Moody's
The three oil marketing companies (OMCs) did not change prices beginning April 6 despite cost of raw material rising. This led to the three booking a combined loss of Rs 21,000 crore during April-September 2022
Buy Hindustan Petroleum Corporation, target price Rs 260: JM Financial
The brokerage has a BUY rating on HPCL on valuation grounds. OMCs are trading at attractive valuations. Optimism on OMCs will be contingent on crude sustaining below ~USD 80/bbl and the government giving them significant compensation for FY23 auto-fuel under recoveries.
Oil marketing companies gain as minister backs demand for compensation
Earlier this week, sources told CNBC TV-18 that oil marketing companies are now expecting a cash compensation of Rs 50,000 crore for the losses incurred in 2022
Trade Spotlight | What should you do with Oil India, HPCL, Max Financial Services on Thursday?
HPCL formed long bullish candle on the daily charts with strong volumes, making higher high higher low formation. The stock has seen a decisive breakout of horizontal resistance trend line adjoining September 13 and December 12, 2022.
Over 400 mid, smallcap stocks clock weekly gains when bears knocked down Sensex
PFC stock has seen a strong build-up of long positions in the derivative segment. Since the expiry of the December derivative series, the stock has gained 14% and hit an over-five-year high of Rs 160.80 on Friday. If the stock manages to cross Rs 170 and trades above that level, it will become eligible to enter into the MSCI index.
India’s Green Hydrogen Mission: These companies have committed to transition
Even as details of how these incentives will be rolled out are yet to be announced, a host of private sector conglomerates have already made pitches to go big on green hydrogen.
Earnings season will start on a sombre note: Chakri Lokapriya
See the thing is basically if you look at the valuations of metal companies whether it is Tata Steel, Hindalco, Jindal Steel, they are all trading at extremely low valuations so that is not an issue. It is only the outlook for demand which is the concern. Now will China come out of COVID or not has been a big concern and the volumes coming out of China also make a big difference.
Market’s a story of two halves in 2023, banks in spotlight in H1: Amisha Vora
“The second half will be equally important. We will have to review whether there is any pivot from the central banks as far as interest rates are concerned, any review on the war situation and then we should take our stance. The market broadly will be range-bound and some of the existing themes will continue to do better.”
Pre Budget rally has begun in sugar, fertilizers and metal stocks: Rameshver Dongre
In an interview with ETMarkets, Dongre said: “Domestic equity indices have bounced back sharply from its recent low, and now it may be on track to set new records if the finance minister meets expectations of the investors like to cut the long-term capital gain tax on equity, reduce GST,” Edited excerpts:
Hot Stocks: Brokerage view on HPCL, L&T and Titan Company
Motilal Oswal retained its buy rating on Titan Company with a target price of Rs 2910. Titan remains an attractive investment case in the largecap consumption space in India, with strong earnings growth visibility and compounding ~20% for an elongated period of time.
Stocks in the news: RIL, Wipro, HPCL, Nykaa, ZEEL and Deepak Fertilizers
Reliance Industries's arm Reliance Retail on announced the launch of its consumer packaged goods brand 'Independence' in Gujarat, with plans for national rollout as part of its ambition in the FMCG segment.
Nifty@20,000 is a given; earnings the next trigger: Manish Sonthalia
“The economy as a whole is firing on all cylinders and balance sheets have got cleaned up. That is rubbing off on the numbers of banks. When it comes to IT, margins have bottomed out and there could be some volume slowdown as we move into FY23. But valuations also have come off. So, anywhere between 1-1.5 PEG for IT as a whole would be a case for decent investment in IT stocks.”
Hindustan Petroleum Corporation, incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 35172.91 Crore) operating in Gas & Petroleum sector.
HPCL stock price up 1.47 per cent as Sensex slides
As of 30-Sep-2022, promoters held 54.9 per cent stake in the company, while FIIs held 18.21 per cent and domestic institutional investors had 11.55 per cent.
ETMarkets Fund Manager Talk: This money manager with AUM of Rs 1600 cr sees growth coming from BAM stocks
We started our journey about 3.5 years back since then our Compounder Fund has delivered ~17% CAGR, outperforming the benchmark by 3.6%, and our Shift Strategy has delivered 44% CAGR, outperforming the benchmark by 18%.
This is a fantastic stock pickers market: Dipan Mehta
We have the economy picking up pretty well, they are increasing the forecast for FY2023 and FY2024 and beyond. Oil prices, one of the biggest problem with India, have now corrected significantly. The war in Europe is no longer such a major issue. As far as inflation globally and in India is concerned we are beyond the curb and India have gone through the toughest part of inflation, interest rate increases.
Hold Hindustan Petroleum Corporation, target price Rs 230: Emkay Global
Hindustan Petroleum Corporation, incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 31931.52 Crore) operating in Gas & Petroleum sector.
Sanmit Infra zooms 10% in 2 session over drum-packed bitumen supply
The company had recently bagged an order for eco-friendly less wood for green cremation systems (GMS). It had expressed hopes of more order inflows from the Bitumen business, which has been back in action after the monsoon.
Petroleum Ministry to seek compensation for OMC losses on sale of petrol, diesel due to price freeze: Top official
OMCs reported consolidated losses of Rs 3,805.73 crore in the September quarter due to low marketing margins on the sale of petrol, diesel, and domestic LPG.
Oil marketing shares gush gains as JPMorgan gives sector the thumbs-up
Analysts at JPMorgan feel good days are coming for OMCs that have suffered from high crude oil prices and the government’s effort to keep fuel prices low.
Tube Investment shares rise 5% as it picks 50% stake in start-up
TII signed a share subscription agreement and a shareholder agreement with X2Fuels for the subscription of 10,753 shares, which is to be issued to TII for an aggregate consideration not exceeding Rs 6.15 crore, the company said in a BSE filing.
A simple area of resistance is seen in grey color. Also a trendline giving linear support from below is seen. Small support zone marked in lower timeframe.
Chart pattern is called Ascending Triangle which has probable breakout on ......read more
West coast 60 mtpa-mega refinery to be set up in Maharashtra's Ratnagiri
Maharashtra Industries Minister Uday Samant said that the government has so far acquired 2,900 acres of the total 6,200 acres required for the mega refinery-cum-petrochemicals complex project which was first announced in 2015.
Sanmit Infra jumps 5% on order win boost and strong business outlook
Incorporated in 1965, Sanmit Infra engaged in the disposal of biomedical waste, the supply of petroleum products, and the construction of real estate projects. It is an authorized dealer of Hindustan Petroleum Corporation (HPCL).
Hindustan Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 29661.85 Crore) operating in Gas & Petroleum sector.
Stocks in the news: Archean, Five Star, ONGC, Tata Motors, NMDC and Zomato
Archean Chemicals and Five Star Business Finance will make their Dalal Street debut on Monday after both company's issue aggregating to Rs 1,462 crore and Rs 1,960 crore, respectively were open between November 9-11.