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Multiple brokerages see clarity on pricing reform in crude oil and LPG under-recovery compensation as key positives
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Brokerages were mixed on their outlook for OMCs: while CLSA flagged geopolitical risks from Russian oil, JPMorgan is cautious on the policy front.
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Motilal Oswal is bullish on HPCL has recommended buy rating on the stock with a target price of Rs 520 in its research report dated August 10, 2025.
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Brokerages were positive on the Centre's compensation of Rs 30,000 crore to oil marketing companies for LPG under-recoveries.
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During FY25, HPCL's capex was at Rs 14,500 crore, with FY26 capex guided at Rs 13,000–14,000 crore with an eye on completing ongoing projects.
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Compensation plan for OMCs for under-recoveries in LPG is in its final stages; to be funded via excise duty hike kitty
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A government draft on emission reduction target has for the first time mandated to reduce greenhouse gas emissions by oil PSUs like IOC, BPCL, HPCL, GAIL and ONGC, along with private sector refineries.
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Crude oil prices also found support from the Iranian parliament approval of a proposal to close the Strait of Hormuz, one of the world’s most critical oil shipping routes,
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The government may partially compensate the oil marketing companies (OMCs) for the losses incurred by them on sale of LPG cylinders or might even entirely decline the request, sources told Moneycontrol.
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OMCs such as HPCL and BPCL can see heavy selling pressure amid escalating tensions in the Middle East, as concerns of oil supply weigh on stock prices.
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OMCs such as HPCL and BPCL saw heavy selling pressure during the previous session amid escalating tensions in the Middle East.
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The joint proposal could be valued at as much as $600 million, and will require delivery to start by 2028
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A higher share of tougher or sour grade crude, which has higher sulphur content, would improve the refining margin of HPCL’s Vizag refinery to $12-14 per barrel from the current average of $8 per barrel.
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Emkay Global Financial recommended buy rating on HPCL with a target price of Rs 500 in its research report dated May 08, 2025.
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HPCL Q4 results: Revenue decreases 2% to Rs 1.18 lakh crore
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Oil marketing companies may see improved margins as global crude oil prices soften to the $60–$65 per barrel range, compared to current inventories averaging $75.
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Global uncertainties erupted after US President Donald Trump announced reciprocal tariffs, triggering trade war and recession fears
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A meeting of the Expenditure Finance Committee was held on March 21 to discuss the compensation framework for OMCs, which have suffered significant financial strain due to high international LPG prices.
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This marks one of the rare cases where the government has chosen to appoint a private sector personnel to head a state-run agency
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A decline in crude prices benefits manufacturers dependent on crude-based inputs by lowering their production costs. This reduction provides them with greater flexibility to expand profit margins, improving overall profitability.
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The OPEC+ has decided to proceed with a planned oil output increase of 138,000 barrels per day, the first since 2022. The upcoming rise in oil supply significantly weighed on oil prices.
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The state-owned oil marketing company has tied up with suppliers for its crude requirements for the next three months, highlighting that the market faces no supply shortfall, chairman Rajneesh Narang told Moneycontrol.
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Motilal Oswal is bullish on HPCL has recommended buy rating on the stock with a target price of Rs 490 in its research report dated January 24, 2025.
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Emkay Global Financial is bullish on HPCL has recommended buy rating on the stock with a target price of Rs 450 in its research report dated January 24, 2024.
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HPCL Q3 results: Total income rises marginally to Rs 1,19,415 crore
