Shares of oil marketing companies, such as HPCL, BPCL and IOC, may see buying on Tuesday, as they will announce revision of petrol and diesel prices. With crude ruling well below $40 a barrel, there is expectation of bigger price cuts. Besides OMCs, logistics firms, such as Blue Dart, Gati, Snowman, Patel Integrated and VRL, will also benefit. However, shares of upstream oil companies, such as ONGC, Cairn and RIL may come under pressure.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.