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ONGC, OIL to rescue Govt. thru IOC

about 13 years ago

IOC is up 4.1% at Rs. 221 per share, while ONGC is marginally in the green at 291 (up 1.5%) while Oil India is flat at 474 (down 0.70%). EGoM has given an ‘in-principle’ approval to the sale of 10% stake or 24.27 crore shares in IOC to upstream companies ONGC and Oil India, through th ...

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.

IOC leads OMC gainers

about 13 years ago

Oil Marketing Company (OMC) stocks like HPCL, BPCL and Indian Oil Corporation (IOC) are all in the green at the moment. IOC is up over 1% at Rs.208.85, its current intra day low though intra day high was robust at Rs.214. Volumes remain muted. These OMC stocks are in the green after the RBI ...

IOC pumps a poor show

about 7 years ago

The market is very disappointed and the stock figures among the top five losers on the BSE since opening bell. The stock opened 4% lower at Rs.141, going down to an intraday low at Rs.140.30, a drop of 4.5%.

IOC slips and recovers

about 13 years ago

Indian Oil Corporation yesterday had hit a new 52-week low at Rs.186.20 and today though it is not at this low, it remains in the red. It has recovered from an earlier over 3% fall to now a less than a25 drop. The stock is down on this untimely decision of the Govt to divest 10% stake in the ...

IOC jumps on bonus news

about 9 years ago

Indian Oil Corporation (IOC) is in the limelight today morning. In the opening bell session, the stock price rose over 4% to Rs.398.50. Its 52-week high is at Rs.462.60 and low at Rs.351.

IOC down as OFS gets underway

about 11 years ago

Indian Oil Corporation has lost a lot of ground today. The stock is down almost 4% at Rs.379 with an intra day low of Rs.378.50. In terms of volume, some 3.5 lakh shares have changed hands. The market is not too enthused with the floor price fixed for its Offer-for-sale. It has been fixed at ...

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 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 ...

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 ...

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.

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 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 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.

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.

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.

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 ...

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 ...

Kalpataru Power towers up

about 12 years ago

Kalpataru Power Transmission hit a new 52-week high at Rs.233.25 with a 2 times rise in volumes. The stock remains firmly in the green, up over 5.5% at Rs.227 levels. The stock is up in the green after it announced that it has received new orders to the tune of Rs.560 crore and this includes ...

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.

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

Surya Roshni lights up

about 6 years ago

The market is happy with this development and the stock price rose today after two days of consistent fall, rising 5% to Rs.174.50

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.

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.

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 ....

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?

ONGC

about 15 years ago

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Suryachakra Pow

about 20 years ago

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CRUDE – OUR POCKETS AND ECONOMY TO GET CHEWED!

about 5 years ago

Two years ago, we were looking at crude oil prices at $20/barrel and oil producing countries were crying barrels of tears. Today, they are a mighty happy lot what with crude nearing the three digit, $100/barrel mark. There is talk of $115, $114 and more such numbers doing the rounds. No one at this point of time is taking a call on the Sensex or the Nifty as all seem to have become busy plotting crude oil and the rupee’s trajectory.

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.

Rs.70 THE NEW NORM FOR INDIAN RUPEE?

about 8 years ago

There is a sense of unease on Dalal Street. And also on Mint Street. Stocks as well the rupee are down in the red and the mood is that of great uncertainty. The rupee crossed the Rs.72-mark yesterday and the plunge was arrested only on account of RBI intervention. Though Finance Minister Arun Jaitley

THE ECONOMICS OF FIFA – GOAL OR PENALTY?

about 8 years ago

Football mania seems to have gripped the entire world, with all gearing up to wake up at eerie hours watch matches with bleary eyes and yet go through the other routines of life. Right from restaurants to clothing, even birthday parties, cakes, everything is themed around FIFA. Names of Dhoni, Kohli, Unadkat,

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!

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.

DIESEL DEREGULATION & GAS PRICE HIKE - WHOs, WHYS, HOWs & WHATs

about 12 years ago

Diesel price deregulation and gas price hike were two 'items' on the expected agenda. These decisions had been deferred for so long that one had stopped expecting them. But this 'Sunday special' was indeed a big surprise. So we now take a quick Q&A of these two happenings, trying to understand the concept better.

WHY INDIA SHOULD NEVER HOST A FIFA OR OLYMPICS?

about 13 years ago

Football mania seems to have gripped the entire world, with all gearing up to wake up at eerie hours watch matches with bleary eyes and yet go through the other routines of life. Right from restaurants to clothing, even birthday parties, cakes, everything is themed around FIFA. Names of Dhoni, Manish Pandey, Piyush Chawla, Rana, will be replaced by Messi, Ronaldo, Rooney, Persie, Yaya Toure and more.

THE WARM WINTER OLYMPICS AT SOCHI - MANY GIVE IT COLD SHOULDER

about 13 years ago

The cost of the games for showing the world that 'it has arrived' -$50 billion, making it the most expensive in the history of mankind. The cost has burgeoned four times over from the estimate made in 2007 at $12 billion. China had spent $40 billion for its summer Olympics in 2008 and Canada

OIL SUBSIDY - TOO MANY SLIPS AND FALLS

about 14 years ago

Yesterday, the Finance Minister approved the subsidy compensation for oil marketing companies (OMCs) for Q4FY13 at Rs.45,000 crore. Earlier during the fiscal, cash subsidy of Rs.55,000 crore was given; this means that for FY13, the total subsidy doled out is to the tune of a jaw dropping Rs.100,000 crore or Rs.1 trillion. Upstream OMCs will share a subsidy burden to the tune of Rs.60,000 crore.

THE POLITICS AND ECONOMICS OF OIL PRICE HIKE

about 14 years ago

Well, the economics and politics of oil is much more slimy and slippery than the price of crude alone. It is a catch 22 situation for the Govt. It bleeds the oil companies if it keeps the prices intact and if it hikes the prices, it will bleed the people of India further. For many, the way the oil pricing works remains a mystery.

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

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.