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

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.

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

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.

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.

Promoters held 54.9 per cent stake in the company as of 30-Sep-2022, while FIIs owned 18.21 per cent, DIIs 17.98 per cent.

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.

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.

HPCL is likely to report operationally better results but without subsidies, losses will be higher QoQ due to diesel marketing loss.

“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.”

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:

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.

The chances of a recession in the US post the fed outcome added fuel to the fire. The markets are likely to remain under pressure in the near term.

The stock quoted a 52-week high of Rs 332.4 and a 52-week low of Rs 200.0.

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.

Meanwhile, shares of HPCL on Thursday (December 15) closed 1.59 percent higher at Rs 246.60 apiece on BSE.

On the technical charts, the 200-day moving average of the stock stood at Rs 242.57.

“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.”

A total of 174,656 shares changed hands on the counter till time (IST).

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.

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.

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%.

​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.

The stock quoted a 52-week high of Rs 332.4 and a 52-week low of Rs 200.0.

The MPC said that the inflation trajectory going ahead would be shaped by both global and domestic factors.

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.

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.

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.

On the technical charts, the RSI of the stock stood at 73.46.

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.

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.

The stock quoted a 52-week high of Rs 332.4 and a 52-week low of Rs 200.0.

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.

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).

Triveni Engineering stock is on the verge to make swing highs. A breakout is confirmed on the daily and weekly charts showing a strong bullish pace.

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.

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.