Oil Stocks Outlook for the week – 10 to 14.08.2015
(Expect
to trade positive bias continue)
( www.rupeedesk.in )
Stocks
of the state-owned oil companies, both upstream and downstream, will be in
focus next week as all these firms are slated to report their Apr-Jun earnings.
The
operating performance of the three refining and marketing companies-- Indian
Oil Corp Ltd, Bharat
Petroleum Corp Ltd, and Hindustan Petroleum Corp Ltd--is expected to
significantly improve due to a sharp increase in refining margins during the
quarter. Also, all three are likely to see huge improvement in profitability
since diesel has been deregulated.
