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TTK Prestige Ltd leads gainers in 'A' group
Oil India Ltd, Paradeep Phosphates Ltd, Lloyds Engineering Works Ltd and Oil & Natural Gas Corpn Ltd are among the other gainers in the BSE's 'A' group today, 12 May 2026.
ONGC, Oil India rally up to 7%; what's driving state-owned upstream stocks?
With oil at $80/bbl, analysts at CLSA project an over 50 per cent total return on ONGC as it is pricing in $65/bbl Brent; sets target price for the oil explorer at ₹405 per share.
Oil & Gas stocks tumble as crude regains $105; MGL, IGL, BPCL drop up to 4%
Among the index constituents, Mahanagar Gas fell around 4.5 per cent, followed by IOCL, BPCL, Adani Total Gas, HPCL, Petronet LNG, Chennai Petroleum, and GAIL down over 2 per cent each
From Chennai to Abu Dhabi: How Indian manufacturers are breaking into the Middle East’s oil supply chain
Indian engineering firms are now entering the Middle East's oil and gas supply chains. Global energy companies are broadening their supplier choices. This opens doors for Indian manufacturers meeting strict standards. Companies like LSI-MECH Engineers are gaining approval. The Middle East continues energy infrastructure investment. Diversifying vendor bases is a priority for global firms.
Top gainers and losers, May 6: IndiGo surges 6.7%, Tata Motors PV up over 5%; ONGC shares down 3% - Upstox
Top gainers and losers, May 6: IndiGo surges 6.7%, Tata Motors PV up over 5%; ONGC shares down 3%Upstox
Oil firms selling petrol at Rs 14 a litre loss, diesel at Rs 18
Indian oil companies face substantial losses on petrol and diesel sales. Elevated crude oil prices are squeezing marketing margins. Cooking gas LPG is projected to incur an Rs 80,000 crore under-recovery this fiscal. Fertiliser subsidies are also set to rise significantly. These pressures impact profitability across various sectors, with relief contingent on easing global tensions and supply chain normalisation.
Amid West Asia crisis: Santa Marta meet aims to drive fossil fuel shift
The Santa Marta conference has been described as a meeting of the "coalition of doers", comprising countries and stakeholders committed to shifting away from fossil fuels. It will bring together members of existing alliances such as the Fossil Fuel Non-Proliferation Treaty, the Beyond Oil and Gas Alliance, and the Powering Past Coal Alliance.
GAIL signs long-term LNG carrier charter with Alpha Gas
GAIL India has secured a long-term charter for the LNG carrier Energy Fidelity from Greece-based Alpha Gas. This strategic move enhances GAIL's LNG shipping capacity. The vessel will support India's energy security by importing liquefied natural gas from countries like the US and Russia. This agreement strengthens GAIL's position as India's largest natural gas company.
Motilal Oswal sees 6% Q4 earnings growth for Nifty 50 amid Iran-US tensions
Motilal Oswal forecasts Nifty 50 companies to achieve 6% YoY earnings growth in Q4 FY26, driven by financials, metals, and telecom, despite the oil and gas crisis. The brokerage anticipates softer overall growth due to the Iran-Israel-US conflict's impact on energy prices and supply chains.
40% of Nifty 50 firms faced EPS cuts amid March selloff: Check which stocks saw biggest cuts and upgrades
Indian markets experienced a sharp downturn in March, with Nifty 50 companies seeing significant EPS estimate cuts, particularly in aviation and infrastructure, due to soaring oil prices. InterGlobe Aviation faced the largest reduction. Conversely, oil & gas and metals sectors witnessed upgrades. Escalating US-Iran tensions continue to fuel investor concerns and oil price hikes.
JSW Steel shares rise over 2%, after arm seeks govt help to secure gas supplies amid Middle East crisis
JSW Steel's unit is requesting government help to secure vital fuel supplies. Ongoing global tensions have created shortages of liquefied natural gas and propane. These fuels are crucial for JSW Steel Coated Products' manufacturing processes. Disruptions could impact downstream customers and lead to supply deficits. India relies heavily on natural gas imports.
Israel PM Benjamin Netanyahu's statement triggers a cool-off in oil prices
US treasury secretary Scott Bessent said that the US is looking at easing sanctions on Iran oil to bring prices down and may also look at a unilateral release of some SPR reserves of its own, beyond the ones committed to the International Energy Agency. Trump Administration officials also said that there are no plans to ban the exports of oil and gas.