OMC stocks gain as Maersk announces plan to resume trade via Red Sea route

Over the last one year, stocks of these oil marketing companies have been seeing steady growth and have been trading in the green.

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26 Aug, 2025 12:21

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Oil marketing companies (OMCs) saw a surge in share prices during the morning trading session on the NSE on December 26. This uptick came on the heels of the shipping corporation Maersk's decision to resume operations through the Red Sea route.

As of 11:30 am, the stock prices reflected significant gains, with HPCL trading at Rs 391.86, marking a 6 percent increase. BPCL was trading at Rs 453.05, representing a 1.43 percent rise, while IOCL was at Rs 106.75, reflecting a 2.74 percent increase.

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On December 25, Reuters reported that Denmark-based shipping company Maersk was preparing to resume shipping operations in the Red Sea and the Gulf of Aden. According to the report, the deployment of a US-led military operation for safety of ships passing through has been cited as the reason behind the decision. Earlier this month, global shipping players including Maersk had paused taking the Red Sea- Suez canal route due to attacks from Yemen-based militants. These attacks were in response to the ongoing Israel-Hamas conflict.

Britain-based BP was the latest of the shipping majors to announce their decision to pause shipments to the route. On December 24, a Gabon-flagged crude oil tanker, MV Saibaba, came under a drone attack. The vessel had 25 Indian crew members on board at the time of the incident.

Also read: Red Sea attacks: Gabon-flagged MV Saibaba hit by drone, all 25 Indians on board reported safe

Over the last one year, stocks of these oil marketing companies have been seeing steady growth and have been trading in the green. While BPCL has gained 39.96 percent, IOCL has gained 70.77 percent and HPCL has gained 67.9 percent.

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