1. BPCL, HPCL, IOC shares gain on petrol, diesel price hike

BPCL, HPCL, IOC shares gain on petrol, diesel price hike

Shares of oil marketing companies such as BPCL, IOC and HPCL gained upto 3 per cent on Tuesday after they hiked petrol and diesel prices on Monday.

By: | New Delhi | Published: May 17, 2016 12:16 PM
bpcl, hpcl, ioc, petrol, diesel Shares of oil marketing companies such as BPCL, IOC and HPCL gained upto 3 per cent on Tuesday after they hiked petrol and diesel prices on Monday. (Reuters)

Shares of oil marketing companies such as Bharat Petroleum Corporation (BPCL), Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation (HPCL) gained upto 3 per cent on Tuesday after they hiked petrol and diesel prices on Monday.

Petrol price was hiked by 83 paise a litre and diesel by Rs 1.26 per litre, the second increase in rates this month.

Petrol now cost Rs 63.02 per litre in Delhi, while a litre of diesel cost Rs 51.67. Rates were last hiked by Rs 1.06 a litre on petrol and Rs 2.94 a litre on diesel on May 1.

Shares of BPCL, HPCL and IOC rallied as much as 2.90 per cent, 2.53 per cent and 1.59 per cent, respectively.

State-owned fuel retailers revise rates of the fuel on 1st and 16th of every month based on the average oil price and the foreign exchange rate in the preceding fortnight.

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  1. Nitin N Varia
    May 18, 2016 at 8:03 am
    IOC TO ZOOM BEFORE RESULT ON 27/5/16.IOC having nil P- NOTE INVESTORS.Hail the Government in walking the talk by raising fuel prices amidst state elections. Note: Diesel, petrol marketing margins maintain their healthy trend. BUY OMCsPetro product demand for the month of April was at record levels with diesel, petrol and LPG demand up 15% y/y, 22%y/y and 14%y/y respectively. ATF fuel demand in April was also strong at 14%y/y.For FY16, diesel demand stands at healthy 7.5%y/y (highest growth since FY10 when demand was up 8.4%y/y). Healthy diesel demand was led by 1) increased agricultural demand given poor monsoon 2) higher demand from mining sector and 3) improved economic activity.FY16 gasoline and LPG remain healthy at 14.5%y/y and 8.5%y/y respectively. FY16 ATF demand was up 11.5%y/y.Meanwhile kerosene demand continues to fall; FY16 demand decline of 3.7% y/y.Healthy fuel demand is ve for the OMCs. MaintainOur PM MODIJI visiting Iran ON 21/5/16 major supply side arrangement for OMC at the helm of deals is IOC.Negative IIP for April and higher CPI as a result Rupee to Weaken the only one negative factor to import companies IOC.Second Time FITCH AFFIRMS RATING OF IOC AS BB 👍Money affirms surprise earning in OMC IOC BUYING BUSINESSES ALL OVER. INDICATIN OF HEAVY PROFITS. Bought Russian oil fields, Iran, UAE and heavy expansion in Gujarat Refineries. OMC FREED FROM DRAGON GRIP OF GOVERNMENT BY AUTONOMY IN OIL PURCHASE.HAIL DHARMENDRA PRADHAN Very proactive Minister strengthening OMC as never in PAST.Also highest crude processing by IOC of 56 million tons in 15/16. REFINERIES GET INFRA STRUCTURE STATUS FOR ECB borrowing. . 0n 16/5/16 IOC on upward momentum gather Jet speed. INDIAN REFINERS NEVER HAD SUCH A GOLDEN YEAR OF PROFITS AS 15/16 IN ITS HISTORY.As reported by Bloomberg Reliance is lucky this year resulting from falling crude. So is Mody Government. Similar luck to OMC ESPECIALLY IOC THAN HPCL AND THIRD PLACE BPCL. 1. HISTORICALLY HIGHEST PROFIT IN 15/16. 2. Highest Inventory Gain in 4th QUARTER of 15/16 . 3. Highest refining margin the best among peers in India. No.1. Beating Reliance. IOC GRM will top 14$ whereas Reliance WAS at $ 11 . 4. Plastic Products based on Naphta so to register highest HISTORICAL profits as reported by FITCH. Naptha have been lowest since 15 years during the year . 5. RBI stand on interest rates ON MCLR very positive for high rated companies like IOC with BBB 6. RUPEE strengthening due to good budget so best foreign exchange gains. As IOC gets oil on 60 days credit. Rupee appreciated from 69 to 67 giving wind fall PROFIT to IOC . 7. Budget 16/17 focuses on Rural growth and IOC have maximum presence in this area which translates into continued increase in marketing margins over and above refining . .8. Pradip Refinery the best in India to add to profitability as it can process any kind of crude. 9. IOC historically announces bonus every five years. And now it is to be announced during 2017 when the annual results announced or may be after 5 state election results. 11. Bear cartel in bear SQUEEZE. The punters maniting open interest after market closes . 12. There can be no better stock than IOC. BPCL is over valued and so is HPCL. 13. Exports of Naptha at most lucrative prices adding to profits. Reported on Bloomberg. 14. Direct Transfer of subsidy halts leakage that is net gain. Marketing Margins to OMC highest in its history. The beneficiary of Adhar DBT to IOC is maximum as IOC were providing 60% of subsidized LPG Kerosene out of the three OMC . 15. Highest Advance tax paid in its history for the fourth quarter. A GUARDED SECRET LEAKED.16. Re- Rating of OMC done .17. Tax relief of 69000 crore to IOC at Pradip Refinery for a period of 11 years.THIS MONTH IOC IN LIME LIGHT BEFORE ITS RESULT 27/5/16.TO BREAK PRICE OF x AND REACH x. UNEXPECTEDLY AND HISTORICALLY FINEST RESULT.

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