Jal Irani, Oil and Gas Research of Macquarie Cap is of the view that oil marketing companies (OMC) present significant value including Bharat Petroleum Corporation (BPCL). He further says, "BPCL presents even greater value than Hindustan Petroleum Corporation (HPCL) and Indian Oil Corporation (IOC).
Jal Irani, Oil and Gas Research of Macquarie Cap believes that it is worth looking at Oil and Natural Gas Corporation on account of fundamental reasons.