OMCs likely to see a short-term bounce-back on improved Q3 showing

Given the concerns around biz, though, a full turnaround is unlikely anytime soon

The Department of Investment and Public Asset Management (DIPAM) secretary recently announced that dividends payable by (public sector undertakings) PSUs may be impacted this year by losses in the oil marketing companies (OMCs).

This is also likely to further delay the possibility of disinvestment of Bharat Petroleum Corporation Limited (BPCL). But the price of crude and gas has been moderating in the third quarter of the 2022-23 financial year (Q3FY23) and this in turn could lead to better conditions.

However, it is to be borne in mind that a series of assembly elections and the General Election may probably lead