Oil marketing companies (OMCs) are in focus as the price build-up shows marketing margins are missing since October this year and simple calculations would suggest marketing margins are negative.
In an interview to CNBC-TV18, Rohit Ahuja of BOBCAPS shared his views and readings on the sector.
Ahuja said we have not seen any indication of marketing margins turning negative for oil marketing companies.
He further said that oil marketing companies are in gross refining margin (GRM) upcycle.
According to him, outlook for oil marketing companies is robust.
Talking about stocks, he said Indian Oil Corporation (IOC) stands out amid OMCs in terms of efficiency and capacity.
Watch accompanying video for more details.
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