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BPCL, HPCL, IOC: Brent crude fall may trigger short-term rally in OMCs

BPCL, HPCL and IOC may rise up to 11 per cent in coming sessions, and if they manage to sustain their upward rally, medium-term bias may strongly shift in bull's favour.

BPCL, HPCL, IOC: Brent crude fall may trigger short-term rally in OMCs
Updated On : 17 Mar 2023 | 11:22 AM IST

OMCs trade firm in a range-bound market; IOC, HPCL, BPCL surge up to 5%

After two tight quarters of profit-margin shrinkage due to global volatility, Indian OMCs are expected to see reduction in operational losses in the October-December quarter (Q3FY23).

OMCs trade firm in a range-bound market; IOC, HPCL, BPCL surge up to 5%
Updated On : 11 Jan 2023 | 12:31 PM IST

BPCL, IOC face 200-DMA hurdle despite Brent Crude slipping to 7-mth low

Barring Indian Oil Corp, which gained over 4%, the other two oil marketing companies, BPCL and HPCL, trade with negative returns on YTD basis and have immensely underperformed benchmark indices

BPCL, IOC face 200-DMA hurdle despite Brent Crude slipping to 7-mth low
Updated On : 13 Sep 2022 | 5:58 PM IST

HPCL, BPCL, IOC: Will OMC stocks remain under pressure on excise duty cut?

According to the current chart structures, shares of OMCs needs to hold their relevant support levels to stay afloat.

HPCL, BPCL, IOC: Will OMC stocks remain under pressure on excise duty cut?
Updated On : 23 May 2022 | 1:45 PM IST

Will petrol, diesel price hike set OMC stocks on fire? What charts suggest

Except IOC, which managed to hold 200-DMA, other stocks are in no mood to conquer their respective hurdles yet, technical charts indicate

Will petrol, diesel price hike set OMC stocks on fire? What charts suggest
Updated On : 22 Mar 2022 | 11:43 PM IST

Tech View: Can high fuel prices, weak crude spark a rally in OMCs?

OMC shares traded mixed with HPCL and IOC down 1 per cent and BPCL marginally in the green

Tech View: Can high fuel prices, weak crude spark a rally in OMCs?
Updated On : 17 Aug 2021 | 12:45 PM IST

Indian refiners deepen cuts to Saudi oil purchases, to buy 36% less in May

Energy relations between India, the world's third biggest oil importer and consumer, and Saudi Arabia have soured as global oil prices spiked

Indian refiners deepen cuts to Saudi oil purchases, to buy 36% less in May
Updated On : 06 Apr 2021 | 7:37 AM IST

BPCL, HPCL, IOC appear bullish on the charts despite a surge in oil prices

Nifty Energy Index has been consolidating in the range of 14,730 - 13,750 since August. The formation seems like triple-bottom and a breakout would mean can take the index to 15,000 mark

BPCL, HPCL, IOC appear bullish on the charts despite a surge in oil prices
Updated On : 16 Sep 2019 | 11:59 AM IST

OMCs slip up to 5% after reports say govt may sell stake in BPCL to IOCL

If the deal goes through, an IOCL-BPCL merger will be the third mammoth amalgamation of state-owned companies, excluding banks.

OMCs slip up to 5% after reports say govt may sell stake in BPCL to IOCL
Updated On : 03 Sep 2019 | 10:45 AM IST

HPCL, BPCL, Jet Airways gain on fall in oil prices

HPCL, BPCL, IOCL, Jet Airways, SpiceJet and InterGlobe Aviation were up in the range of 2% to 5%, as compared to 0.87% rise in the S&P BSE Sensex at 11:13 am.

HPCL, BPCL, Jet Airways gain on fall in oil prices
Updated On : 12 Jul 2018 | 11:26 AM IST

BPCL, HPCL, IOCL slip 6%; Jet Airways hits 52-week low as oil prices rise

At 10:50 am; the S&P BSE Oil & Gas index plunged 2.6% or 364 points at 13,810 points, as compared to 0.01% decline in the S&P BSE Sensex.

BPCL, HPCL, IOCL slip 6%; Jet Airways hits 52-week low as oil prices rise
Updated On : 27 Jun 2018 | 11:16 AM IST

HPCL, BPCL, IOCL gain on fall in global oil prices

In past six months, OMC has underperformed the market by falling in the range of 14% to 26% as compared to 6% rise in the S&P BSE Sensex.

HPCL, BPCL, IOCL gain on fall in global oil prices
Updated On : 18 Jun 2018 | 12:18 PM IST

HPCL, BPCL, IOCL trade firm after government cuts excise duty on fuels

HPCL, BPCL and IOCL have gained between 3% and 4%, extending their past two day's gain on the BSE

HPCL, BPCL, IOCL trade firm after government cuts excise duty on fuels
Updated On : 04 Oct 2017 | 10:09 AM IST

HPCL, Indian Oil, BPCL hit 8-week low; HPCL falls 5% intra-day

In past one month, HPCL, Indian Oil and BPCL have underperformed the market by falling between 10% and 13% against 1.9% decline in Sensex.

HPCL, Indian Oil, BPCL hit 8-week low; HPCL falls 5% intra-day
Updated On : 28 Sep 2017 | 10:29 AM IST