Know why state-run oil companies are doing well
Advertisement
Advertisement
Advertisement
Shares of state-run oil marketing companies -- Nomura raised its target price for Indian Oil to 515 rupees from 450 earlier, citing expectations of higher efficiency, diesel deregulation, cut in LPG subsidy among reasons why the petrochemicals sector now looks to be a fundamentally sound investment bet. improvements.
Indian Oil gained 5.4 percent to 412.70 rupees. Hindustan Petroleum surged 5.3 percent to 778 rupees and BPCL rose 1.3 percent to 900 rupees. All three stocks figured in the top gainers list in the futures and options space as well.
(Image credit: Indiatimes)
Advertisement
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas