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BPCL and HPCL in the red

about 13 years ago

BPCL and HPCL figure out amongst the top five losers on the BSE. BPCL is currently down almost 3% at Rs.436 while HPCL is down over 2% at Rs.285. Both Govt owned Oil Marketing companies (OMCs) are down on news that the Finance Ministry wants these companies to absorb a much higher share of u ...

HPCL and BPCL down in the red

about 10 years ago

OMCs HPCL and BPCL are down in the red, figuring amongst the top losers on the bourses. HPCL is down 5% at Rs.447 and BPCL is down over 3.5% at Rs.621 levels. IOC is also down 2% at Rs.1900. Yesterday, the much awaited OPEC meet finally bore fruit and the production cut finally got announced ...

HPCL glides on Q4 profits

about 13 years ago

HPCL is on a good ride today morning. The stock which had closed yesterday at Rs.408.50, has opened today at Rs.424.30, going on to hit an intra day high at Rs.425.05 and currently remains at Rs.423 levels, up almost 4%. The Oil Marketing (OMCs) PSU declared its Q4/FY14 numbers yesterday aft ...

HPCL exuberant after good show

about 12 years ago

HPCL reported a very good show for Q4FY15 and the stock price remains strongly in the green, currently up over 5% at Rs.669 levels. Intra day high went up to Rs.673 while its 52-week high stood at Rs.686. The Oil marketing company (OMC) during Q4FY15, reported a 58% (YoY) rise in net profit ...

Engineers India jumps on HPCL order

about 10 years ago

Engineers India has secured a Rs.2500 crore worth order from HPCL. This is for execution of Vizag Refinery Modernization Project. The company is to execute this project contract under two separate contracts, namely "PMC Services for major Process Units and packages under U&O" a ...

HPCL looks sleek

about 5 years ago

The stock today opened 6% higher at Rs.282, and went on to hit a new high at Rs.288.15 on the back of almost 3.5 times surge in volumes.

HPCL sinks into red

about 4 years ago

The stock price has understandably sunk down into the red today; it fell 5% to hit an intraday low at Rs.201.05, just a tad away from its 52-week low of Rs.200.

OMC's surge as crude falls

about 12 years ago

OMC companies like HPCL, BPCL and IOC are doing very today in an otherwise lackluster market. HPCL leads the pack, up almost 4.5% at Rs.508.10, a new 52-week high. BPCL is up 3% at Rs.669.75. IOC is up over 4% at Rs.372. These stocks are cheering as brent crude has now slipped to $90.85/barr ...

OMCs celebrate petrol price hike

about 12 years ago

Oil Marketing companies (OMCs) like HPCL, BPCL and IOC are up in the green. HPCL hit a new 52-week high today at Rs.710.90 and IOC is up over 1.5% at Rs.358. BPCL is also up over 1.5% at Rs.846 levels. These OMC stocks are up in an other dull market as these companies announced a hike in pet ...

OMCs jump up as fuel prices rise

about 11 years ago

It is after a long gap that oil marketing companies, HPCL and BPCL are today figuring out in the top gainers list. HPCL is up Rs.20 at Rs.810.80 and BPCL is up Rs.21 at Rs.907.65. Indian Oil Corporation is also in the green, up by around Rs.8 at Rs.409. It is reacting to petrol price being h ...

OMCs cheer no tax roll back

about 9 years ago

BPCL jumped up 5% to Rs.525 the moment it opened for trading; HPCL rose almost 4.5% to Rs.47.45 and IOC too rose 4.5% to Rs.434.60.

ONGC-HPCL DEAL – A WIN-WIN FOR GOVT ONLY

about 9 years ago

Last week, the mega “oil” deal - ONGC and HPCL was the talk of the town. On 19th July, the Cabinet gave its approval to ONGC to buy Government’s 51.11% stake in HPCL. Post this merger, HPCL will remain a subsidiary of ONGC and this is expected to be completed in one year. The deal will be exempted from the mandatory open offer when buying more than 25% in a listed company.

Oil companies in the limelight

about 9 years ago

Oil companies are in the limelight today. Upstream oil company, ONGC fell almost 3% to Rs.176.80. On the other hand, downstream oil marketing companies (OMCs) HPCL rose over 2.5% to Rs.422, BPCL rose 3% to Rs.507 and Indian Oil rose 1.3% to Rs.393.

Downstream down and upstream up!

about 9 years ago

The oil marketing (OMCs) or downstream companies are leading the fall on the markets today morning. The top losers are HPCL – down 7%, BPCL – down 6% and IOC – down 6.25%.

OMCs all at new low

about 8 years ago

BPCL hit a new low today at Rs.330; HPCL too was at a new low at Rs.233.50 and IOC was also at a new low at Rs.146.

OMCs hit by Aramco attacks

about 7 years ago

OMCs are among the top five losers on the BSE currently. HPCL is the top loser, down over 6% at Rs.254.25, followed by Chennai Petroleum at 188.90, down 3%. BPCL is down over 6.2% at Rs.383.25.

OMCs rise as crude falls

about 7 years ago

Oil Marketing Companies (OMCs) – HPCL and BPCL are among the top five gainers on the BSE currently, rising 5% to Rs.32425 and rising 4.5% to Rs.516.75, a new high

OMCs rejoice as oil falls

about 7 years ago

IOC rose 4.5% to Rs.105.25; HPCL rose almost 13% to Rs.226.60 and BPCL was also up 13% at Rs.454.10.

Refinery stocks in losses

about 4 years ago

HPCL as well as BPCL are currently among the top five losers on the BSE; BPCL went down almost 5% to hit an intraday low at Rs.320.30 while HPCL went down 6.5% to Rs.235.10.

OMCs sulk for more

about 1 year ago

Indian Oil Corporation spurted up 2%, BPCL rose 2.5% and HPCL rose over 2% but is currently trading in the negative; IOC and BPCL too are just about holding onto the green.

Refinery stocks on the rise

about 7 months ago

Reliance Industries rose nearly 3%, while the sharper moves came from refining-levered names, with Chennai Petroleum (CPCL) up 5.4% and MRPL up to 5.72%. Among PSU majors, Indian Oil (IOC) gained 2.87%, HPCL rose 2.37%, and BPCL added 1.37%

OMCs up in the green

about 9 years ago

Oil Marketing Companies (OMCs) are up in the green today. Indian Oil rose almost 3% to Rs.419; BPCL was up over 3% at Rs.494 and HPCL rose almost 4% to Rs.451.

OMCs and ONGC lead the surge

about 12 years ago

The market, as expected, as zoomed up today morning, reacting positively to the diesel deregulation and much awaited gas price hike. The gainers are led by Oil Marketing Companies (OMCs) – HPCL up 7% at Rs.524 which is after hitting a new high at Rs.534, BPCL up 6% at Rs.706, IOC up 6% at R ...

OMCs rise as crude falls

about 7 years ago

HPCL hit a new high today at Rs.333.45, rising 3% while BPCL rose over 2.5% to Rs.419.50, which is just a little over 3% away from its 52-week high of Rs.428.80

OMCs bounce back

about 8 years ago

HPCL is up today over 5% at Rs.228.60; BPCL went up over 5.5% at Rs.284.05 and IOC also went up over 4.5% to Rs.135.95.

Net Debt to EBITDA ratio

about 8 years ago

The net debt to EBITDA ratio is a debt ratio which indicates that how many years a company would take to pay back its debt if net debt and EBITDA are held constant.

Oil companies hit new lows

about 8 years ago

All the five losers on the BSE currently are oil companies – upstream as well as down stream. All have hit a new 52-week low today.

Oil India down in the red

about 10 years ago

Oil India currently figures out amongst the top losers on the BSE, going down over 3.5% to Rs.360. ONGC is also down in the red but not as much as Oil India – it went down over 1.5% to Rs.226.70. The reason for both these upstream oil companies going down into the red today is a new or ...

Confidence Petroleum at new high

about 9 years ago

Confidence Petroleum hit a new high today at Rs.17.27, up 5% the moment it opened for trading.

ONGC in the limelight

about 9 years ago

ONGC is the big newsmaker today. The Cabinet yesterday gave its approval to ONGC to buy Government’s 51.11% stake in HPCL. Post this merger,

BPCL , IOC down in red

about 9 years ago

BPCL is down 4% at Rs.430 and IOC is also down 4%, going on to hit a new low at Rs.176 levels.

ONGC spurts up 3%

about 8 years ago

The stock price has reacted positively to these numbers, going up 3% to Rs.171, with volumes going up over 1.2 times. Its 52-week high is at Rs.212.90.

Stocks move on Nifty 50 rejig

about 8 years ago

Following this news, Britannia initially in the opening bell session rose over 5% to Rs.3198.50 but is now in the red, down 0.16%

CCI PROBE OF OMCS - A FUTILE EXERCISE

about 14 years ago

CCI believes there is cartelization in increasing and decreasing prices of a deregulated commodity such as petrol by the 3 state OMCs. Logic warrants that cartelization is undertaken only with an objective to benefit. If the OMCs are losing money on every litre of petrol they sell, how can the alleged cartelization stand to fleece the consumers and benefit the companies? Under-recovery, in no language, stands for 'gains'!

REC loses its power

about 8 years ago

REC Ltd is down 3.5% at Rs.139.80 and though it has recouped a bit, it remains firmly in the red. Its LC is at 10% at Rs.130.40.

Gas and fertiliser stocks rise

about 7 years ago

Domestic LPG and PNG suppliers are in the limelight today morning. Indraprastha Gas rose almost 3% to Rs.359.20, Mahanagar Gas was up over 2% at Rs.930.75 and Adani Gas was up over 5.5%

Praj Inds rises and falls

about 6 years ago

The stock price opened in the positive and even rose to Rs.189.30, just 40 paise lower than its 52-week high of Rs.189.70

Praj Industries at new high

about 6 years ago

The stock is literally on fire today, trailblazing to hit a new high at Rs.277.85, after opening itself pretty strong by 6.5% at Rs.265.20, which happens to be its intraday low.

Refining stocks in red

about 4 years ago

Refining companies are currently ruling the roost among the list of losers today. The entire oil and gas sector stocks seem to be in the red.

Indian refiners celebrating

about 4 years ago

MRPL hit a new high today at Rs.108.60, Chennai Petro too a new high at Rs.385.35, ONGC is up almost 5.5%, Oil India hit a new high at Rs.395; Deep Energy is locked at its 5% UC

Strait of Hormuz in focus

about 18 days ago

Crude-sensitive stocks are in focus today as Brent crude moved above $106/bbl after fresh uncertainty around the US-Iran stalemate and the Strait of Hormuz. The broader market sold off sharply, with Sensex down over 1,000 points, but select oil-linked counters such as MRPL and Chennai Petroleum gained

BPCL - Good Q2 numbers revive hopes of strategic sale in this FY

about 6 years ago

Auto sales and Petro product demand seen having returned back to pre Covid levels, while private players are seen expanding their footprint now.

OMCs - THE MATH IN THE AFTERMATH OF PRICE HIKE

about 15 years ago

The Govt. has allowed Oil Marketing Companies (OMCs) to hike petrol prices by Rs. 7.50 per litre, effective Thursday midnight. A lot has been written and talked about on the same. The pain to the 'aam aadmi', the 'inflationary' rule of the UPA, utter disgust and frustration; it is all a part of the same story. But we are seeing only side of the coin, the side to which we belong. What about the other side?

LIC - BETTER THAN ALL FIIs

about 14 years ago

LIC today manages equity which is more than the sums managed by the entire mutual fund industry in India. So do we really have to worry much when FIIs sell or rather, why we do not give much credence to LIC buying

TAMIL NADU - WHO SWITCHED THE LIGHTS OFF?

about 14 years ago

Chennai has around 2-4 hours power cuts but the rest of the State suffers at a minimum, 16 hours of power cut. Doing day-to-day chores have become impossible so the suffering is right across - students cannot study in the night or else have to do so in candle lights, there is no good sleep, food cannot be pre-cooked and stored as fridges do not work, bathing in hot water is a luxury

SURPASSING DIVESTMENT TARGET – THAT’S GOING TO BE EASY PEASY

about 9 years ago

The Govt with great pride, in the Budget announced that its divestment target for FY18, which was pegged at Rs.72,000 crore would not only be met but might even go to a record high of Rs.1 lakh crore. The first time in 14 years that such a feat is accomplished!

GOING ASSET LIGHT – BEST UNDOING

about 5 years ago

Naturally, there is a major debate brewing with those not in favor saying that the Govt is selling off the country. Some have called the Niti Aayog as the Govt’s very own OLX platform. But then if one looks at things logically, you do wonder as to why, when the private sector is so vibrant, does the Govt need be in the business of doing business.

HIGHLY IMPACTFUL, EXPANSIONARY BUDGET

about 6 years ago

Its good economics that the FM decided to go all-out and loosen all purse strings, irrespective of the fiscal deficit. The Budget clearly shows that the aim is to revive the economy and expenditure can be worried about later. An increased spend in healthcare, railways, highways, ports, airports – all this bodes well.

FALLING CRUDE, RISING FUEL PRICES

about 7 years ago

So many reasons for the crude price to fall globally but none of it matters to us, we the people, as we continue to pay higher and higher fuel prices. On Monday and Tuesday, the days when crude oil slipped $60, fuel prices in India rose to a peak.

BRACE FOR A PRICE HIKE

about 8 years ago

The U.S. on Monday announced that it would be cancelling the waivers from sanctions it had granted eight countries, including India, allowing them to import oil from Iran.

FOR NOW, PSU DIVESTMENT STORY LOOKS SAD

about 8 years ago

The target has been set at Rs.80,000 crore and of this, till date, only 19.05% or Rs.15,247 crore has been met. At this point of time, it looks pretty uphill. Well it had come up with this ambitious target riding piggy back on the proposed divestment in Air India in current fiscal, which fizzled out like a deflated balloon.

DIVIDEND PAYOUTS – A GOOD INVESTMENT MEASURE?

about 8 years ago

It is seen that there are now very few investors who really wait with bated breath for the dividends to come in. And this probably has happened because companies themselves offer very small dividends as against the stock market price. Hence the investor starts looking more at capital appreciation.

FALLING RUPEE - THE PULL OF GRAVITY GETS STRONGER

about 15 years ago

But why is the rupee falling so much? There are two factors now playing up the rupee. Firstly, dollar continues to remains the safest currency and it will remain so till the Eurozone stabilizes. Thus till the macro economic fundamentals around the world does not settle down, rupee will face selling against the dollar. Earlier, it ....

NOT A GOOD TIME TO BET ON HIGH DEBT COMPANIES

about 11 years ago

The RBI reduced rates and there is hope that it has finally begun the downward rate cycle. So when the rates were up, we shunned high debt companies and now if rates are coming down, do we need to relook at some of these high debt companies? These companies are sure to show some

Oil India

about 19 years ago

Price Band : Rs. - to Rs. -
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MAHARATNA AND NAVRATNA - ARE THEY REALLY PRECIOUS?

about 11 years ago

Just as Emperor Akbar had accorded a status of Navratna to nine of his most prized and able ministers, the Indian Govt has accorded the same status, of being a priceless Navratna to some Public Sector Undertakings (PSUs) and are leaders in their own right in the Indian corporate world.

Q1FY16 RESULTS - ANOTHER QUARTER OF MUTED PERFORMANCE

about 11 years ago

The first big wig Q1FY16 performance will come from an IT company; thankfully that tradition remains intact and so does the fact that IndusInd Bank will hold the mantle of being the first private sector bank to announce its performance. But what has changed is that Infosys is no longer the first IT company; it has given up that tradition ever since Sikka took over. This honour, of being first, now lay with TCS. It will be announcing its results on 9th July and like what we have seen in the past, it could be much later in the evening, after market closure.

Q4FY15 - NO EXPECTATIONS, NO DISAPPOINTMENT!

about 12 years ago

Its that time of the year - report card season, exams over. India Inc and the stock market is now bracing itself for the quiet storm which seems to be heading towards Dalal Street. The storm is brewing due to low 'pressure' arising on account of Q4FY15 results, which is expected to be disappointing, to put it mildly. The clouds are dark and looming

JHUNJHUNWALA AND DAMANI - FOLLOW THEM BLINDFOLDED?

about 12 years ago

Whatever these two big investors touch, the stock price zooms up and investor frenzy whips up. Many call them the "Warren Buffett" of Indian markets. There is no doubt that both discerning and extremely intelligent investors have built up an enviable net worth and because almost all their investments have turned

PSUs - A COMPLETE MAKEOVER REQUIRED

about 13 years ago

The talk about Coal India has now raised expectations of a 'revamp' of many other PSUs which are truly uncut diamonds. And like diamonds, they have also been categorized. Just as Emperor Akbar had accorded a status of Navratna to nine of his most prized and able ministers, the Indian Govt

MAHARATNAS & NAVRATNAS - PRECIOUS TO PRECARIOUS

about 13 years ago

Thus it brings us to the question whether granting any status, even with the highest status of Maharatna, can these PSUs truly get the autonomy which they are promised of or does this remain merely on paper? Govt interference in PSU companies, especially when it comes to contracts and even recruitments is well known. There is no doubt that political leaders, when elected to the Board of these companies, fool themselves

RUPEE REMAINS THE 'FALLING' STAR OF THE DAY!

about 14 years ago

The Rupee remained the star, for the second day in a row. It hit a new low today against the US$ at Rs.58.98 and for now, it seems to have recouped a bit but one never really knows at this juncture. RBI is said to have intervened and that helped cull the one way downfall.

BPCL - A pricey pick for potential acquirer

about 6 years ago

One Lion is enough with determination, instead of having 10 herd in any acquisition.