Amit Rustagi

No cut in earnings estimate for OMCs due to cash ban: IDFC

In an interview with CNBC-TV18, Amit Rustagi, Oil and Gas Analyst at IDFC Securities said that refineries that manufacture naptha and fuel oil to industries can see a domestic demand slowdown due to demonetisation.

OMCs to see inventory gains; GAIL derating likely: Antique

Amit Rustagi of Antique Stock Broking says there is no clarity on whether in FY16, the same ad-hoc mechanism will continue or whether the government will provide subsidy sharing clarity.

BPCL may touch Rs 564: Antique Stock Broking

Amit Rustagi, Vice President-Energy Research at Antique Stock Broking is bullish on Bharat Petroleum Corporation.

ONGC may bear Rs 70Kcr in under-recoveries this yr: Antique

Some part of the benefit that upstream companies like ONGC saw because of rupee depreciation will be taken away by the government in the form of higher subsidies, says Amit Rustagi of Antique Stock Broking. So instead of Rs 60,000 crore last year, ONGC may be bearing Rs 70,000 crore under recovery this year.

Expect no increase in subsidy burden for ONGC: Antique

According to Amit Rustagi, there will not be any further increase in subsidy burden for ONGC due to gas price hike which should materialise in earnings growth of 15 percent for next year.

Cap at $9-10/mmbtu won‘t hurt oil companies: Amit Rustagi

Investors as well as consumers will be okay if a cap is set at USD 9-10, instead of the one worked out by the Rangarajan Committee formula at USD 8-10 since it is still going to be a 100 percent jump from the current USD 4.2

Prefer BPCL to HPCL, ONGC earnings can grow 15%: Antique

Amit Rustagi, analyst at Antique Stock Broking expects government to hike diesel prices by Rs 2-3 per litre, but rules out a staggering price hike over a long period. He also feels that government may subsidise prices of LPG cylinder in the near term.

Experts positive on ONGC, say valuations are cheap

The Oil and Natural Gas Corporation (ONGC) auction, expected to have started at 9.15 am, will carry on till 3.30 pm. The floor price of the auction sale is at Rs 290 per share. Experts are positive on the stock and see huge upside potential.

Further hike in gasoline prices due: Antique Stock Broking

Amit Rustagi, oil and gas analyst at Antique Stock Broking believes that the depreciating rupee and strengthening gas prices aided the petrol price hike. However, he thinks a further hike in gasoline prices is due.

See 25% upside in BPCL, HPCL, IOC: Antique Stock Broking

In an interview with CNBC-TV18, Amit Rustagi, Oil & Gas Analyst, Antique Stock Broking said BPCL, HPCL and IOC can see 25% upside, even from the current levels.

Antique Stock Broking view on Petronet LNG

Petronet LNG is the only pure play in country with one terminal already operating at 10 million tones at Dahej, says Amit Rustagi, Oil & Gas Analyst, Antique Stock Broking.

Essar Oil has target of Rs 190-200: Antique Stock Broking

Essar Oil has target of Rs 190-200, says Amit Rustagi, Oil & Gas Analyst, Antique Stock Broking.

ONGC may see 8% impact on burden increase: Antique Broking

Amit Rustagi, Oil & Gas Analyst from Antique Stock Broking, in an interview with CNBC-TV18’s Mitali Mukherjee and Udayan Mukherjee, shared his views on whether the government should have a re-look on the subsidy sharing mechanism and will it impact most of the oil manufacturing companies (OMCs).