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Stocks to Watch for May 19: Adani Group, IGL, IOC, BPCL and more
From Eicher Motors getting an approval from Government of Andhra Pradesh for a 215.7-acre land parcel at Tada to GNFC reporting an 87.7% year-on-year rise in consolidated net profit for the fourth quarter, here are some stocks to track ahead of Tuesday's trading session.
Adequate availability of petrol & diesel across the state of Assam: IOCL
Fuel supplies in Assam are stable. IndianOil, BPCL, and HPCL confirm adequate stocks of Petrol, Diesel, and LPG. The entire supply chain operates efficiently. Domestic LPG consumers are prioritized. The Oil Industry coordinates logistics and stock movement. Consumers can continue normal consumption. Panic buying is unnecessary.
Should petrol, diesel prices go up by Rs 25 per litre? Oil companies are staring at Rs 1,380 crore daily loss
Indian fuel retailers are facing steep under-recoveries despite a recent Rs 3 hike, with analysts estimating losses of Rs 25/litre and daily hits of Rs 1,380 crore for Indian Oil Corporation (IOCL), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL). Brokerages including Nomura and Elara Capital warn further fuel price hikes may be unavoidable unless crude cools.
Q4 Results This Week: IOC, BPCL, ITC, Lenskart among 150 others report earnings as season winds down
As many as 150 companies, including Ola Electric, Indian Oil Corporation, Lenskart, LG Electronics India, Nykaa, along with Nifty 50 names such as Hindalco, ITC, BEL, among others will be reporting their fourth quarter results this week as the earnings season enters its final stages for this period. Here's a look at the complete list:
India's Russian Oil Dependence Explained: Daily Imports And The Likely Shortfall After May 16
Bharat Petroleum is reportedly exploring temporary supply arrangements for Azeri and African crude varieties in a move aimed at cutting its dependence on Persian Gulf oil.
Q4 Results Next Week: BEL, ITC, BPCL, LIC, Ola Electric, Bikaji Foods, Lenskart, Honasa Consumer And More
Many firms will host earnings calls.
The Rs 3 relief that wasn't: Why investors are dumping oil stocks after long-awaited petrol, diesel price hike
Shares of HPCL and BPCL fell up to 3% despite the first fuel price hike since 2022, as investors worried the increase would not offset mounting losses. Analysts estimate OMCs could still lose nearly Rs 500 crore daily at current crude prices. With Brent crude above $100 and West Asia tensions persisting, markets fear another quarter of heavy financial pressure for state-run fuel retailers.
How to trade BPCL, IOC, HPCL post fuel price hike? Angel One answers
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.
Why have HPCL, BPCL, IOC dipped despite fuel price hike? Analyst explains
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
HPCL, BPCL to IOCL: OMC stocks decline up to 2.6% even after petrol, diesel prices raised by ₹3/litre; here's why
Shares of state-run oil marketing companies fell despite a petrol and diesel price hike, as investor sentiment remained weak due to lower-than-expected increases and rising global crude prices. Petrol in Delhi is now ₹97.77 per litre, while diesel is ₹90.67 per litre.
HPCL, BPCL, IOC shares fall up to 3% amid petrol, diesel prices hiked by Rs 3/litre
Oil marketing company shares fell on Friday. Petrol and diesel prices saw a modest increase. This hike aims to ease financial pressure on companies. Global crude oil prices remain high due to West Asia conflicts. Prime Minister Modi urged fuel conservation. Oil Minister Hardeep Singh Puri expressed concern over companies absorbing losses.
IOCL, BPCL And HPCL Shares In Focus After Petrol, Diesel Price Hike
The fuel price hike will benefit BPCL, HPCL and IOCL, though it may not completely help them reach breakeven point.