Stocks

Price revision may boost OMCs, logistics stocks

| Updated on January 22, 2018 Published on December 14, 2015

15blGatiCol.eps

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.

Published on December 14, 2015
This article is closed for comments.
Please Email the Editor