JPMorgan finds Reliance Industries share valuation comfortable but flags O2C as uncertain spotJPMorgan maintains an Overweight rating on Reliance Industries. The brokerage sees comfortable relative valuation for RIL. Near-term outloo...
Iran war: IOC, BPCL, HPCL may have lost Rs 6/litre on diesel in Q4State-run oil companies Indian Oil, BPCL, and HPCL incurred substantial losses on diesel sales in the fourth quarter. Petrol margins also s...
Are GRMs going to be sustainable or will they moderate? MK Surana answersThe petrol and ATF still there is no windfall tax. So, it is 15 days average price which guides the windfall tax and it will keep on increa...
We expect to maintain GRMs at Q4 level going forward: Rajneesh Narang, HPCLYes, we are importing Russian crude to the extent the same can be processed in our refineries considering the configuration we are having. ...
Russia-Ukraine war impact: Record gross refining margins offset refiners' lossesThis is positive for Indian refiners as almost 45% of their product slate is diesel. Diesel cracks have risen to $30 per barrel, up from $1...
GRMs propped up by inventory gains and better throughput: MK Surana, HPCLHPCL’s major capex is towards refinery expansions and pipeline projects.
Reliance will get better GRMs; expect 15-20% upmove in OMCs: Prayesh Jain, IIFL India Pvt Clients“Except for GAIL, we would not recommend an absolute buy on any of the gas stocks.”
Citi says RIL GRMs to gain from spreads over and above Singapore benchmark GRMsAfter being choppy for five months, ranging between $3-5 a barrel, Singapore gross refining margins have rebounded to $6.1 month-to-date.
FY18 will be a beautiful year for Reliance: Mayuresh Joshi, Angel BrokingReliance has exceeded street expectations on GRMs, the EBDIT margins on the petchem business as well as the bottom line
RIL poised to deliver strong eranings in core business going ahead: Prayesh Jain, IIFL"The Reliance results are definitely better than what we were expecting in the sense that GRMs (gross refining margins) came in better than...
Good times ahead for RIL as brokerages see spike in GRMsCredit Suisse has come out with a note on Reliance Industries stating that co’s GRMs in quarter ended March 2014 can run up to $11/barrel.
Expect Reliance to have good support around Rs 875-880: Avinnash Gorakssakar, Miintdirect.comAvinnash Gorakssakar, Head of Research, Miintdirect.com, shares his views on RIL.
- Goldman Sachs upgrades RIL's target price post Q3 results
The better-than-expected rise in RIL' net profit for the quarter ended Dec 2012 on the back of stronger GRMs has led to an upgrade by Goldm...
RIL's profit to be hit by weak refining marginsRIL is shipping out close to 70% of its fuel to the United States and Europe, because China and Japan are buying lesser oil.
- Q4 can be even worse for PSU OMCs: Alok Deshpande, Research Analyst, Elara Capital
It is too early to decide what the Q4 GRMs would be for Reliance. But the recovery has been pretty strong, especially in the light distilla...
- RIL's refining margins under pressure as input costs rise
RIL is facing an erosion in its gross refining margins, the difference between the value of finished products and the raw material costs, i...
- Oilcos may slip on softening crude
Standalone & private sector refiners likely to perform better than oil marketing cos