ONGC, BPCL, Coal India, Hero Motocorp, NMDC, Power Grid and Infosys are the top picks for the brokerage in the high-dividend space
New asset-based valuation method indicates strong upside for OMCs
In the past month, SCI (zoomed 77 per cent), BPCL (up 44 per cent) and Concor (up 27 per cent) have outperformed the benchmark S&P BSE Sensex, which gained 4 per cent during the same period.
India has a total refining capacity of 249.4 million tonnes of refining capacity and 65,554 petrol pumps and 24,026 LPG distributors
Centre is considering a plan to sell the nation's second-largest state refiner and fuel retailer to a global oil company as it explores options to give up its controlling stake in BPCL
IOC, BPCL and MRPL to receive full allocated volumes of crude in Oct
While paints and adhesive players too will see some margin pressure, upstream companies like ONGC, OIL India and GAIL are seen as beneficiaries
The government has set a record target of raising Rs 1.05 trillion ($14.8 billion) in the current fiscal year from sale of state firms.
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Purchase of BPCL by IOC would hurt the sector
From the govt planning to offload its Rs 40,000-cr stake in BPCL to four- and two-wheeler sales falling by almost half in Aug from the equivalent month last year, here are today's top business stories
If it goes through, an IOCL-BPCL merger will be the third mammoth amalgamation of state-owned companies, excluding banks, in three years
Declining crude oil prices, improving GRMs, and firm marketing margins make them attractive after sharp correction
The company will hold 74 per cent interest in the project while the remaining 26 per cent will be with Petronet LNG Ltd, he said here
Also, the unit will now be set up in Raigad district as land acquisition at a previous site in Ratnagiri district was stalled due to farmer protests
Last date to apply for Chemist Trainee/General Workman-B (Trainee) - Petrochemical positions is August 5, 2019
The Bina plant in central India, capable of processing 156,000 barrels per day (bpd) of crude oil, is operated by Bharat Oman Refineries Ltd
Dividend may be higher in the absence of buyback
BPCL last year raised the capacity of the Kochi refinery in southern India by about 63 per cent to 310,000 bpd
The company had earned a net profit of Rs 23.5740 billion in the same quarter a year ago