Oct 14, 2016 10:27 AM IST
The combination of factors such as passage of Goods and Services Tax, implementation of Seventh Pay Commission, besides a good monsoon and the central bank cutting rates is likely to trigger earnings recovery for companies going ahead, according to Gautam Trivedi, Managing Director and Chief Executive of Religare Capital Markets.
- Jul 19, 2016 04:53 PM IST
It is a good time to book profits because earnings are likely to be volatile. Moreover, even if earnings are good, they are already priced-in, says Ashwani Gujral of aswhanigujral.com.
- Jul 09, 2016 11:58 AM IST
Gautam Chhaochharia, Head-India Research at UBS is overweight on oil and gas space.
- Jul 06, 2016 10:10 AM IST
Ministries of Chemical and Fertilizer and New and Renewable Energy will come out with the draft policies for manufacturing of coal-based urea and second generation ethanol in three weeks, Union Minister Nitin Gadkari said.
- Jul 04, 2016 10:19 AM IST
The hike was long due and will be positive for upstream and oil marketing companies (OMCs) like Oil and Natural Gas Corporation, says RS Sharma, Former CMD, ONGC.
- Jun 17, 2016 01:37 PM IST
Credit Suisse expects recovery in refining margins from recent weakness, sustained strong India oil demand growth, organic EBITDA growth due to refinery expansions at BPCL/IOCL and solid marketing margin performance to keep OMC returns supported.
- Jun 16, 2016 03:32 PM IST
Noting that the Centre in "different installments" since 2014 had increased the excise duty on petrol and diesel by Rs 11.77 and Rs 13.57, respectively, she said the benefit of dip in crude prices was not properly passed on to customers.
- May 24, 2016 07:14 PM IST
Gross refining margins (GRMs) of public-sector oil marketing companies may recover on account of strong demand and higher marketing margins, says a report
- May 02, 2016 01:44 PM IST
The CNG filling facilities have been set up at the retail outlets of oil marketing companies (OMC) like Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) since January 2016, the company said in a statement.
- Apr 29, 2016 05:20 PM IST
The OMCs are asking the government to increase price of petrol by 90 paise and diesel by Rs 2.
- Apr 05, 2016 01:48 PM IST
Hindustan Petroleum Corporation climbed 2.94 percent to Rs 814.40, Bharat Petroleum Corporation jumped 2.55 percent to Rs 909.40 and IOC rose 2.43 percent to Rs 411.75 on BSE.
- Feb 29, 2016 10:47 AM IST
Analysts say if the government re-imposes 5 percent customs duty on crude (which is currently zero) then it would be negative for OMCs and positive for upstream companies.
- Feb 25, 2016 10:29 AM IST
AK Sharma, Director-Finance at IOC, says low crude price cannot be passed on to the customers as finished products are linked with product prices internationally.
- Feb 15, 2016 12:06 PM IST
Jefferies says India state-owned OMCs remain top picks in the oil & gas sector as it believes consensus and market is under-estimating earnings potential of these companies in a low crude price environment. Recently International benchmark Brent touched 12-year low at around USD 27 a barrel.
- Jan 07, 2016 07:05 PM IST
However, on ex-energy basis, the net income of companies is likely to drop by 4.5 per cent during the October-December quarter 2015-16 compared to the same period year-ago, as per a latest report by Kotak Institutional Equities (KIE).
- Dec 14, 2015 09:43 PM IST
According to market expert, Ajay Bagga volatility will continue for at least next 48 hours till the Fed uncertainty is out of the way.
- Dec 07, 2015 03:20 PM IST
ITC, especially, saw heavy selling and it cracked over 7 percent on news of a 'sin tax' â€” rate of a steep 40 percent that would be levied on select items such as tobacco products. But N Jayakumar, president of Prime Securities says regulatory headwinds have always existed for ITC
- Dec 03, 2015 09:37 AM IST
Meanwhile, with narrowing of short-term losses and improved marketing as well as refining margins, the oil marketing companies (OMCs) are expected to perform better going forward, Badshah adds
- Oct 08, 2015 02:38 PM IST
While retaining his Sensex fair value target of 28000 by March, Saurabh Mukherjea, CEO of institutional equities at Ambit Capital, cautioned that the index slipping to 22000 is a distinct possibility.
- Oct 07, 2015 03:34 PM IST
Sources say that Bihar elections is seen to be one of the key reasons for companies not hiking these prices.
- Aug 17, 2015 03:56 PM IST
Dilip Bhat of Prabhudas Lilladher, sees the beginning of a rerating for PSU banks over the next 12-15 months. According to him, PSU banks as a theme needs to be played. "The entire pack has to play the catch up game," he adds.
- Aug 15, 2015 12:29 PM IST
Pashupati Advani of Globalforay is of the view that one may prefer HPCL from oil marketing companies.
- Aug 11, 2015 01:55 PM IST
A decision in this regard has been taken by the Petroleum Ministry after Prime Minister Narendra Modi in a recent meeting said promoting ethanol production in a big way is the long-term solution for cash-starved sugar mills, which owe over Rs 14,000 crore dues to cane growers.
- Jul 20, 2015 03:33 PM IST
Vishal Malkan of malkansview.com advises exiting Tata Steel.
- Jul 06, 2015 11:44 AM IST
Crude is currently below USD 60 per barrel as lower crude prices will aid margins for the OMCs.