Oil price cut bodes well for OMCs, logistics firms

Shares of oil marketing companies (OMCs), such as Indian Oil, BPCL and HPCL will remain in focus, following announcement of a cut in retail selling price of petrol by 58 paise a litre and diesel by 25 paise a litre. Besides, shares of logistcis firms, such as Transport Corp of India, Gati, Patel Integrated Logistics and Allcargo Logistics will also see some momentum on the price front. But analysts feel the reduction is too low to have any major impact on their share prices.