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Oil & Gas Sector Update : Tax reform vital for long-term margin sustainability By Motilal Oswal Financial Services Ltd CGDs: Tax reform vital for long-term margin sustainability * As per a recent media article, the inclusion of natural gas under the GST framework would not be on the agenda for the upcoming 55th GST Council meeting scheduled for 21st Dec’24. However, based on our interaction with GAIL, Indraprastha Gas (IGL) and Adani Total Gas recently, we believe that tax reform now is crucial for city gas distribution (CGD) companies to sustain their long-term margins and cost competitiveness and c...
Oil & Gas Sector Update : Tax reform vital for long-term margin sustainability By Motilal Oswal Financial Services Ltd
Oil & Gas Sector Update : Tax reform vital for long-term margin sustainability By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-12-20 10:11:54 am
Deep Industries rises on getting LoA worth Rs 62 crore Deep Industries is currently trading at Rs. 612.95, up by 10.75 points or 1.79% from its previous closing of Rs. 602.20 on the BSE. The scrip opened at Rs. 613.70 and has touched a high and low of Rs. 618.20 and Rs. 606.20 respectively. So far 1680 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 620.00 on 18-Dec-2024 and a 52 week low of Rs. 226.85 on 13-Feb-2024. Last one week high and low of the scrip stood at...
Deep Industries rises on getting LoA worth Rs 62 crore
Deep Industries rises on getting LoA worth Rs 62 crore
Source: Accord Fintech
2024-12-20 09:40:47 am
Oil prices fall on demand concerns, strong dollar Oil prices fell in early trading on Friday on worries about demand growth in 2025, especially in top crude importer China, putting global oil benchmarks on track to end the week down more than 2%. Brent crude futures fell by 31 cents, or 0.43%, to $72.57 a barrel by 0139 GMT. U.S. West Texas Intermediate crude futures fell 26 cents, or 0.26%, to $69.12 per barrel. Chinese state-owned refiner Sinopec said in its annual energy outlook, released on Thursday, that China's imports could ...
Oil prices fall on demand concerns, strong dollar
Oil prices fall on demand concerns, strong dollar
Source: Reuters
2024-12-20 09:01:53 am
Oilmeals Export Decline by 7% in First Eight Months of 2024-25 by Amit Gupta, Kedia Advisory India’s oilmeals export saw a 7.15% decline in the first eight months of 2024-25, reaching 27.51 lakh tonnes compared to 29.64 lakh tonnes in the same period of 2023-24. The decline is attributed to reduced exports of rapeseed and castorseed meal, while competition from global soyabean meal markets intensifies. Key Highlights * Oilmeals export down 7.15% during April-November 2024-25. * Rapeseed meal export declined to 13.21 lakh tonnes (16.07 lakh tonnes in 2023-24). * Soya...
Oilmeals Export Decline by 7% in First Eight Months of 2024-25 by Amit Gupta, Kedia Advisory
Oilmeals Export Decline by 7% in First Eight Months of 2024-25 by Amit Gupta, Kedia Advisory
Source: Kedia advisory
2024-12-19 12:37:22 pm
Gandhar Oil Refinery gains on getting EIR for Taloja facility Gandhar Oil Refinery (India) is currently trading at Rs. 227.05, up by 1.25 points or 0.55% from its previous closing of Rs. 225.80 on the BSE. The scrip opened at Rs. 226.45 and has touched a high and low of Rs. 229.00 and Rs. 222.90 respectively. So far 4725 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 293.90 on 20-Dec-2023 and a 52 week low of Rs. 182.55 on 04-Jun-2024. Last one week high and low of the sc...
Gandhar Oil Refinery gains on getting EIR for Taloja facility
Gandhar Oil Refinery gains on getting EIR for Taloja facility
Source: Accord Fintech
2024-12-19 09:50:00 am
Oil falls on demand concerns after Fed signals slower easing ahead Oil prices fell in early trading on Thursday after the U.S. Federal Reserve signalled that it would slow the pace of interest rate cuts in 2025, potentially impacting fuel demand. Brent futures fell 33 cents, or 0.45%, to $73.06 a barrel by 0107 GMT. U.S. West Texas Intermediate crude fell 36 cents, or 0.51%, to $70.22. The falls reverse much of the gains from Wednesday, when prices settled higher as U.S. crude stocks fell and the U.S. Federal Reserve cut interest rates by an expected 2...
Oil falls on demand concerns after Fed signals slower easing ahead
Oil falls on demand concerns after Fed signals slower easing ahead
Source: Reuters
2024-12-19 08:56:52 am
Gulf Oil Lubricants soars on renewing partnership with Piaggio Vehicles Gulf Oil Lubricants India is currently trading at Rs. 1192.85, up by 16.40 points or 1.39% from its previous closing of Rs. 1176.45 on the BSE. The scrip opened at Rs. 1198.40 and has touched a high and low of Rs. 1228.95 and Rs. 1163.10 respectively. So far 12597 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 1510.00 on 02-Sep-2024 and a 52 week low of Rs. 633.25 on 20-Dec-2023. Last one week high and low of t...
Gulf Oil Lubricants soars on renewing partnership with Piaggio Vehicles
Gulf Oil Lubricants soars on renewing partnership with Piaggio Vehicles
Source: Accord Fintech
2024-12-18 03:46:28 pm
OPEC+ Cautious on Renewed U.S. Oil Output Under Donald Trump by Amit Gupta, Kedia Advisory OPEC+ is concerned about the resurgence of U.S. oil production under Donald Trump’s presidency, which threatens to undermine their market share and efforts to stabilize prices. Despite earlier delays in raising output, the group has maintained supply cuts to support prices in a weakened demand environment. U.S. oil output has surged by 11% over recent years, with predictions for continued growth, further exacerbating the competition for market share. While Trump’s policies could b...
OPEC+ Cautious on Renewed U.S. Oil Output Under Donald Trump by Amit Gupta, Kedia Advisory
OPEC+ Cautious on Renewed U.S. Oil Output Under Donald Trump by Amit Gupta, Kedia Advisory
Source: Kedia advisory
2024-12-18 12:59:31 pm
HPCL moves up on signing agreement with NLDS for integration of API with ULIP Hindustan Petroleum Corporation is currently trading at Rs. 407.70, up by 0.80 points or 0.20% from its previous closing of Rs. 406.90 on the BSE. The scrip opened at Rs. 407.00 and has touched a high and low of Rs. 409.00 and Rs. 403.20 respectively. So far 42790 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 457.20 on 05-Sep-2024 and a 52 week low of Rs. 239.05 on 21-Dec-2023. Last one week high and low of t...
HPCL moves up on signing agreement with NLDS for integration of API with ULIP
HPCL moves up on signing agreement with NLDS for integration of API with ULIP
Source: Accord Fintech
2024-12-18 12:01:06 pm
BCL Industries gains as its arm gets consent to establish 75 KLPD bio-diesel plant BCL Industries is currently trading at Rs. 52.31, up by 0.68 points or 1.32% from its previous closing of Rs. 51.63 on the BSE. The scrip opened at Rs. 51.58 and has touched a high and low of Rs. 52.63 and Rs. 51.32 respectively. So far 73874 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 86.25 on 16-Feb-2024 and a 52 week low of Rs. 46.00 on 04-Jun-2024. Last one week high and low of the scrip stood at Rs. 55....
BCL Industries gains as its arm gets consent to establish 75 KLPD bio-diesel plant
BCL Industries gains as its arm gets consent to establish 75 KLPD bio-diesel plant
Source: Accord Fintech
2024-12-18 11:53:27 am
Oil prices little changed ahead of Fed rate decision  Oil prices traded in a narrow range early on Wednesday as investors remained cautious ahead of an expected interest rate cut by the U.S. Federal Reserve. Brent futures inched up 12 cents, or 0.16%, to $73.31 a barrel by 0134 GMT, while U.S. West Texas Intermediate crude rose 11 cents, or 0.16%, to $70.19 a barrel. The Fed on Wednesday is widely expected to cut interest rates for the third time since its policy easing cycle began. More important for the oil market will be any co...
Oil prices little changed ahead of Fed rate decision
Oil prices little changed ahead of Fed rate decision
Source: Reuters
2024-12-18 09:04:22 am
HPCL inches up on getting nod for lube modernization and bottoms upgradation project Hindustan Petroleum Corporation is currently trading at Rs. 407.15, up by 0.15 points or 0.04% from its previous closing of Rs. 407.00 on the BSE. The scrip opened at Rs. 408.00 and has touched a high and low of Rs. 409.90 and Rs. 404.70 respectively. So far 212241 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 457.20 on 05-Sep-2024 and a 52 week low of Rs. 239.05 on 21-Dec-2023. Last one week high and low of ...
HPCL inches up on getting nod for lube modernization and bottoms upgradation project
HPCL inches up on getting nod for lube modernization and bottoms upgradation project
Source: Accord Fintech
2024-12-17 02:33:57 pm
Managing Crude Oil Price Volatility with Targeted Strategies by Amit Gupta, Kedia Advisory The recent OPEC+ decision to extend production cuts through December 2026 and delay planned output increases to 2025 has added layers of complexity to the crude oil market. With Brent prices stabilizing at $72-$74 per barrel and demand concerns from China persisting, crude oil traders are navigating an uncertain landscape in 2025. Here’s how investors can use NSE options to capitalize on these developments: Given the bi-monthly meetings of the Joint Ministerial Monitoring Committee (...
Managing Crude Oil Price Volatility with Targeted Strategies by Amit Gupta, Kedia Advisory
Managing Crude Oil Price Volatility with Targeted Strategies by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-12-17 12:15:05 pm
Mangalam Global Enterprise rises on getting nod to incorporates wholly owned subsidiary Mangalam Global Enterprise is currently trading at Rs. 24.20, up by 1.06 points or 4.58% from its previous closing of Rs. 23.14 on the BSE. The scrip opened at Rs. 23.34 and has touched a high and low of Rs. 25.13 and Rs. 23.34 respectively. So far 7271 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 26.10 on 14-Nov-2024 and a 52 week low of Rs. 21.15 on 21-Nov-2024. Last one week high and low of the scrip stood...
Mangalam Global Enterprise rises on getting nod to incorporates wholly owned subsidiary
Mangalam Global Enterprise rises on getting nod to incorporates wholly owned subsidiary
Source: Accord Fintech
2024-12-17 11:15:21 am
Oil and Gas Sector Update : Oil price capped by over-supply in CY25 amidst demand concerns By JM Financial Services Ltd IEA has marginally cut its CY24 global oil demand growth to 0.8mmbpd, but raised its CY25 estimate to 1.1mmbpd on China's stimulus. Brent remains below USD 75/bbl driven by oildemand-growth concerns in China and potential over-supply concerns in CY25 due to rise in nonOPEC+ oil supply growth; any potential easing of OPEC+ voluntary output cuts is likely to add to over-supply. IEA expects the oil market to turn into ~0.95mmbpd surplus in CY25 primarily led by 1.5mmbpd growth from non-OPEC+...
Oil and Gas Sector Update : Oil price capped by over-supply in CY25 amidst demand concerns By JM Financial Services Ltd
Oil and Gas Sector Update : Oil price capped by over-supply in CY25 amidst demand concerns By JM Financial Services Ltd
Source: JM Financial Services Ltd
2024-12-17 10:32:01 am
Oil prices in holding pattern ahead of Federal Reserve decision Oil prices were range-bound in early Asian trading on Tuesday as investors worried about Chinese demand and awaited further market direction from a U.S. interest rate decision due on Wednesday. U.S. West Texas Intermediate crude was down 6 cents at $70.65 a barrel at 0112 GMT, while Brent crude futures fell 1 cent to $73.90 a barrel. Prices were "weighed on by profit-taking after last week's 6% rally and a batch of disappointing Chinese economic data yesterday," IG market ...
Oil prices in holding pattern ahead of Federal Reserve decision
Oil prices in holding pattern ahead of Federal Reserve decision
Source: Reuters
2024-12-17 09:01:12 am
Alphageo (India) touches the roof on bagging contracts from Oil and Natural Gas Corporation Alphageo (India) is currently trading at its upper limit of Rs. 449.90, up by 74.95 points or 19.99% from its previous closing of Rs. 374.95 on the BSE. The scrip opened at Rs. 381.00 and has touched a high and low of Rs. 449.90 and Rs. 375.00 respectively. So far 79276 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 522.15 on 19-Jul-2024 and a 52 week low of Rs. 272.85 on 21-Dec-2023. Last one week high and lo...
Alphageo (India) touches the roof on bagging contracts from Oil and Natural Gas Corporation
Alphageo (India) touches the roof on bagging contracts from Oil and Natural Gas Corporation
Source: Accord Fintech
2024-12-16 03:38:53 pm
Reliance Industries inches up on acquiring 74% stake in Navi Mumbai IIA Reliance Industries is currently trading at Rs. 1274.00, up by 0.65 points or 0.05% from its previous closing of Rs. 1273.35 on the BSE. The scrip opened at Rs. 1275.00 and has touched a high and low of Rs. 1281.60 and Rs. 1271.05 respectively. So far 221547 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1608.95 on 08-Jul-2024 and a 52 week low of Rs. 1217.70 on 21-Nov-2024. Last one week high and low of the s...
Reliance Industries inches up on acquiring 74% stake in Navi Mumbai IIA
Reliance Industries inches up on acquiring 74% stake in Navi Mumbai IIA
Source: Accord Fintech
2024-12-16 11:29:02 am
Oil eases from highest in weeks, investors eye Fed rate cuts  Oil futures eased from their highest levels in weeks as investors awaited a meeting of the Federal Reserve later this week for indication of further rate cuts. Falls were limited however by concerns of supply disruptions in the event of more U.S. sanctions on major suppliers Russia and Iran. Brent crude futures fell 21 cents, or 0.3%, to $74.28 a barrel by 0110 GMT after settling at their highest level since Nov. 22 on Friday. U.S. West Texas Intermediate crude dropped 30 cents...
Oil eases from highest in weeks, investors eye Fed rate cuts
Oil eases from highest in weeks, investors eye Fed rate cuts
Source: Reuters
2024-12-16 09:18:39 am
Oil & Gas Sector Update :-Robust 3QFY25 trends for OMCs so far - By Motilal OswalFinancial Services Ltd Robust 3QFY25 trends for OMCs so far * In 3QFY25’TD, refining margins have remained stable with current SG GRM at USD5.2/bbl (2QFY25: USD3.6/bbl), even as MS/HSD GRMs are stable QoQ at USD10- 13/bbl. * MS/HSD marketing margins have remained robust, averaging INR13.6/INR10.7 per lit in 3QFY25’TD (vs. INR3.3/lit each, we assume for FY26E-27). While crude prices have corrected sharply over the past six months, further downside risks to oil prices remain a source of upside earni...
Oil & Gas Sector Update :-Robust 3QFY25 trends for OMCs so far - By Motilal OswalFinancial Services Ltd
Oil & Gas Sector Update :-Robust 3QFY25 trends for OMCs so far - By Motilal OswalFinancial Services Ltd
Source: Motilal Oswal Financial Services ltd
2024-12-14 04:16:42 pm
CIAN Agro Industries touches roof on expanding additional packaging facility in nearby vicinity in oil division CIAN Agro Industries & Infrastructure is currently trading at upper limit of Rs. 452.40, up by 8.85 points or 2.00% from its previous closing of Rs. 443.55 on the BSE. The scrip opened at Rs. 452.40 and has touched a high and low of Rs. 452.40 and Rs. 452.40 respectively. So far 200 shares were traded on the counter. The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 452.40 on 13-Dec-2024 and a 52 week low of Rs. 34.66 on 22-Dec-2023. Last one...
CIAN Agro Industries touches roof on expanding additional packaging facility in nearby vicinity in oil division
CIAN Agro Industries touches roof on expanding additional packaging facility in nearby vicinity in oil division
Source: Accord Fintech
2024-12-13 11:36:32 am
Oil edges lower on 2025 supply surplus forecast, but set to notch weekly gain Oil prices inched lower on Friday as investors focused on a forecast of ample supply and shrugged off expectations of higher demand next year from Chinese stimulus measures, while eyeing another Federal Reserve interest rate cut next week. Brent crude futures edged down 8 cents to $73.33 a barrel by 0125 GMT while U.S. West Texas Intermediate crude was at $69.95 a barrel, down 7 cents. The International Energy Agency expects non-OPEC+ nations to boost supply by about 1.5 million barrels...
Oil edges lower on 2025 supply surplus forecast, but set to notch weekly gain
Oil edges lower on 2025 supply surplus forecast, but set to notch weekly gain
Source: Reuters
2024-12-13 09:03:03 am
Rosneft, Reliance agree biggest ever India-Russia oil supply deal, sources say Russia's state oil firm Rosneft has agreed to supply nearly 500,000 barrels per day (bpd) of crude to Indian private refiner Reliance in the biggest ever energy deal between the two countries, three sources familiar with the deal said. The 10-year agreement amounts to 0.5% of global supply and is worth roughly $13 billion a year at today's prices. It would further cement energy relations between India and Russia, which is under heavy Western sanctions over its invasion of Ukraine. ...
Rosneft, Reliance agree biggest ever India-Russia oil supply deal, sources say
Rosneft, Reliance agree biggest ever India-Russia oil supply deal, sources say
Source: Reuters
2024-12-12 03:36:36 pm
India`s Vegetable Oil Imports Surge Amid Festive Demand by Amit Gupta, Kedia Advisory India's vegetable oil imports climbed to a four-month high in November, reaching 1.63 million metric tons, driven by festive season demand and competitive pricing. Soyoil imports surged 19.3% to 407,648 tons, while sunflower oil imports soared 42.5% to 340,660 tons. Conversely, palm oil imports fell marginally by 0.4% to 841,993 tons. Competitive soyoil pricing from Argentina spurred imports but pressured domestic soybean prices, which remain below the government’s minimum support p...
India`s Vegetable Oil Imports Surge Amid Festive Demand by Amit Gupta, Kedia Advisory
India`s Vegetable Oil Imports Surge Amid Festive Demand by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-12-12 02:50:55 pm
Stock of the day : Petronet LNG Ltd For Target Rs. 355 - Religare Broking Petronet LNG Ltd * Day's price action in PETRONET demonstrates a breakout above its falling channel. * The stock, for an instance, consolidated around the 100 EMA and has created a base at the 200 DEMA, bouncing back from the same. * Recommendation: We maintain a short-term buy on PETRONET with pre-emptive momentum to gain post-breakout. * Traders are recommended to accumulate the stock maintaining 355 level as the first target.   Buy Petronet LNG Ltd ...
Stock of the day : Petronet LNG Ltd For Target Rs. 355 - Religare Broking
Stock of the day : Petronet LNG Ltd For Target Rs. 355 - Religare Broking
Source: Religare Broking Ltd
2024-12-12 10:42:46 am
Oil little changed as demand weakness offsets sanctions-driven supply risks Oil prices were little changed in early Asian trade on Thursday as forecasts of weak demand and a higher-than-expected rise in U.S. gasoline and distillate inventories stemmed gains from an additional round of European Union sanctions that threatened Russian oil flows. Brent crude futures were down 5 cents at $73.47 a barrel at 0141 GMT. U.S. West Texas Intermediate crude futures fell 11 cents to $70.18. Both benchmarks rose over $1 each on Wednesday. OPEC cut its demand growth forecast...
Oil little changed as demand weakness offsets sanctions-driven supply risks
Oil little changed as demand weakness offsets sanctions-driven supply risks
Source: Reuters
2024-12-12 08:57:34 am
Oil prices edge up on demand hopes from China`s `looser` monetary policy Oil prices rose slightly early on Wednesday, with market participants expecting to see demand rising in China next year after Beijing announced a looser monetary policy to stimulate economic growth. Brent crude futures gained 10 cents, or 0.14%, to $72.29 a barrel by 0131 GMT, while U.S. West Texas Intermediate crude futures rose 9 cents, or 0.13%, to $68.68. China said on Monday it would adopt "appropriately loose" monetary policy in 2025 as Beijing tries to spur its economy ...
Oil prices edge up on demand hopes from China`s `looser` monetary policy
Oil prices edge up on demand hopes from China`s `looser` monetary policy
Source: Reuters
2024-12-11 09:04:54 am
India to be key market for global oil & gas as China slows: HSBC  India is expected to be the key destination for global oil and gas products as the country adds refinery, petrochem, LNG regasification and pipeline capacity while the Chinese economy slows, according to an HSBC report released on Tuesday.   The report states that global oil prices are likely to remain weak. This would benefit India as the country imports over 80 per cent of its crude oil requirement and any decline in global oil prices leads to a huge saving in the import bill....
India to be key market for global oil & gas as China slows: HSBC
India to be key market for global oil & gas as China slows: HSBC
Source: IANS
2024-12-10 03:06:37 pm
Trishakti Industries touches roof on securing contract worth Rs 2.7 crore from Jindal Ferrous Trishakti Industries is currently trading at upper limit of Rs. 134.60, up by 2.60 points or 1.97% from its previous closing of Rs. 132.00 on the BSE. The scrip opened at Rs. 134.60 and has touched a high and low of Rs. 134.60 and Rs. 134.60 respectively. So far 1885 shares were traded on the counter. The BSE group 'XT' stock of face value Rs. 2 has touched a 52 week high of Rs. 160.00 on 06-Nov-2024 and a 52 week low of Rs. 27.73 on 28-Dec-2023. Last one week high and low of...
Trishakti Industries touches roof on securing contract worth Rs 2.7 crore from Jindal Ferrous
Trishakti Industries touches roof on securing contract worth Rs 2.7 crore from Jindal Ferrous
Source: Accord Fintech
2024-12-10 02:56:46 pm
Buy Reliance Industries Ltd For Target Rs. 1,580 By Motilal Oswal Financial Services Ltd Compelling risk-reward; FCF generation likely to pick up Reliance Industries (RIL) has underperformed the broader benchmarks, Bharti and organized retail peers, over the past few years, despite similar or superior EBITDA growth. We believe RIL’s underperformance was driven by higher capex in Retail and RJio as well as a lack of FCF generation. However, we believe the capex has likely peaked and expect RIL to generate ~INR1t cumulative FCF over FY24-27. We believe the risk-reward is c...
Buy Reliance Industries Ltd For Target Rs. 1,580 By Motilal Oswal Financial Services Ltd
Buy Reliance Industries Ltd For Target Rs. 1,580 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-12-10 12:42:08 pm
Nigerian government commits over 450 mln USD to natural gas initiative The Nigerian government has committed more than $450 million to the country's compressed natural gas (CNG) value chain since the launch of an ambitious initiative partly to address rising petrol or gasoline costs and promote cleaner energy.  This whopping sum of money was invested into creating CNG mother stations, daughter stations, refueling stations, and conversion centers that are springing up across the most populous African country, Tosin Coker, head of commercial for the Pr...
Nigerian government commits over 450 mln USD to natural gas initiative
Nigerian government commits over 450 mln USD to natural gas initiative
Source: IANS
2024-12-10 09:25:35 am
Oil Prices Surge on China Stimulus and Geopolitical Tensions by Amit Gupta, Kedia Advisory Oil prices rose on Monday, driven by optimism around China's stimulus plans for 2025 and increased geopolitical risks. China's Politburo announced a shift in monetary policy, indicating a more relaxed stance for the coming year. This, coupled with rising tensions in the Middle East, helped oil prices recover. Brent crude surged 1.1% to $71.91, while WTI crude climbed 1.4% to $68.11. US oil inventories dropped unexpectedly, adding further support. Despite Saudi Arabia's price cuts ...
Oil Prices Surge on China Stimulus and Geopolitical Tensions by Amit Gupta, Kedia Advisory
Oil Prices Surge on China Stimulus and Geopolitical Tensions by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-12-10 09:16:35 am
Oil prices ease, but geopolitical risk and China policy stance check losses Oil prices eased only slightly on Tuesday, holding on to most of their gains from the prior session as mounting geopolitical risk after the fall of Syrian President Bashar al-Assad and China's vow to ramp up policy stimulus kept a floor under prices. Brent crude futures were down 13 cents, or about 0.2%, at $72.01 per barrel. U.S. West Texas Intermediate crude futures were down 14 cents, also 0.2% lower, at $68.23 at 0151 GMT. Both climbed more than 1% on Monday. "Rising geopol...
Oil prices ease, but geopolitical risk and China policy stance check losses
Oil prices ease, but geopolitical risk and China policy stance check losses
Source: Reuters
2024-12-10 09:06:38 am
Trishakti Industries touches roof on securing contract worth Rs 4.5 crore from KEC International Trishakti Industries is currently trading at upper limit of Rs. 132.00, up by 2.55 points or 1.97% from its previous closing of Rs. 129.45 on the BSE. The scrip opened at Rs. 132.00 and has touched a high and low of Rs. 132.00 and Rs. 132.00 respectively. So far 108 shares were traded on the counter. The BSE group 'XT' stock of face value Rs. 2 has touched a 52 week high of Rs. 160.00 on 06-Nov-2024 and a 52 week low of Rs. 27.73 on 28-Dec-2023. Last one week high and low of ...
Trishakti Industries touches roof on securing contract worth Rs 4.5 crore from KEC International
Trishakti Industries touches roof on securing contract worth Rs 4.5 crore from KEC International
Source: Accord Fintech
2024-12-09 01:38:52 pm
Oil & Gas Sector Update :- Strong near-term outlook despite LPG headwinds by Swarnendu Bhushan, Co Head of Research, Institutional Research PL Capital Group - Prabhudas Lilladher OMCs are navigating a mixed financial landscape with contrasting trends being witnessed across their operations. While under-recoveries on the sale of LPG remain a challenge due to elevated propane prices and government imposed price controls, the outlook for refining margins and marketing margins on petrol and diesel remains optimistic in the near term. Although the long-term outlook remains uncertain given weak demand prospects and possibility of fuel price cut, we see short-term positivity...
Oil & Gas Sector Update :- Strong near-term outlook despite LPG headwinds by Swarnendu Bhushan, Co Head of Research, Institutional Research PL Capital Group - Prabhudas Lilladher
Oil & Gas Sector Update :- Strong near-term outlook despite LPG headwinds by Swarnendu Bhushan, Co Head of Research, Institutional Research PL Capital Group - Prabhudas Lilladher
Source: Prabhudas Lilladher Pvt. Ltd.
2024-12-09 12:21:21 pm
Stock of the day : Hindustan Petroleum Corporation Ltd For Target Rs. 412 - Religare Broking Hindustan Petroleum Corporation Ltd * HINDPETRO has advanced towards a breakout from its consolidation range. * Stock has faced a correction phase previously and settled near its 100 DEMA. * Stock consolidated above its 100 DEMA, simultaneously beholding a breakout from the consolidation zone. * Recommendation: We maintain momentum buy on the stock. * Traders are recommended to accumulate the stock in the mentioned range and 410-415 as the first swing target.   B...
Stock of the day : Hindustan Petroleum Corporation Ltd For Target Rs. 412 - Religare Broking
Stock of the day : Hindustan Petroleum Corporation Ltd For Target Rs. 412 - Religare Broking
Source: Religare Broking Ltd
2024-12-09 10:22:31 am
Oil edges up as rising Mideast tensions offset demand fears Oil prices nudged higher on Monday as heightened tensions in the Middle East following the overthrow of Syrian President Bashar al-Assad by rebels offset concerns over weak Chinese demand that was highlighted by Saudi Aramco's price cuts to Asian buyers. Brent crude futures rose 22 cents, or 0.3%, to $71.34 per barrel by 0140 GMT. U.S. West Texas Intermediate crude futures gained 22 cents, or 0.3%, to $67.42 per barrel. Brent lost more than 2.5% last week and WTI fell 1.2% as analys...
Oil edges up as rising Mideast tensions offset demand fears
Oil edges up as rising Mideast tensions offset demand fears
Source: Reuters
2024-12-09 09:04:05 am
Oil & Gas Sector Update : Higher OMC profitability in H2FY25 to offset LPG subsidy impact for the year by Yes Securities Ltd Higher OMC profitability in H2FY25 to offset LPG subsidy impact for the year In the absence of government support as yet, the LPG subsidy continues to weigh heavily on OMCs. We expect subsidy impact to touch ~Rs400bn by FY25. With H1FY25 having already impacted OMCs with Rs 174.9bn, H2FY25 will see an incremental impact of ~Rs225bn. As per our scenario analysis, if government provides 60% of the shortfall, the FY25 EBITDA could significantly surpass consensus estimates. Even in the event o...
Oil & Gas Sector Update : Higher OMC profitability in H2FY25 to offset LPG subsidy impact for the year by Yes Securities Ltd
Oil & Gas Sector Update : Higher OMC profitability in H2FY25 to offset LPG subsidy impact for the year by Yes Securities Ltd
Source: Yes Securities Ltd
2024-12-07 01:00:19 pm
Oil set for weekly loss on surplus fears despite OPEC+ cut extensions Oil prices fell on Friday as analysts continued to forecast a supply surplus in 2025 despite the OPEC+ decision to postpone planned supply increases and extend deep output cuts to the end of 2026. Brent crude futures were down 66 cents, or 0.9%, to $71.43 per barrel at 1128 GMT. U.S. West Texas Intermediate crude futures were down 65 cents, or 1%, to $67.65 per barrel. For the week, Brent was on track to fall 2%, while WTI was on course for a 0.5% drop. The Organization of the Petrol...
Oil set for weekly loss on surplus fears despite OPEC+ cut extensions
Oil set for weekly loss on surplus fears despite OPEC+ cut extensions
Source: Reuters
2024-12-06 08:59:33 am
Oil prices rise with all eyes on OPEC+ supply decision Oil prices rose on Thursday ahead of an OPEC+ meeting later in the day, with investors waiting to see what the producer group would do next on supply cuts while also monitoring tension in the Middle East. Brent crude futures climbed 12 cents, or 0.2%, to $72.43 a barrel by 0103 GMT while U.S. crude futures were at $68.70 a barrel, up 16 cents, or 0.2%. Both benchmarks fell nearly 2% on Wednesday. The Organization of the Petroleum Exporting Countries and its allies in OPEC+ are likely...
Oil prices rise with all eyes on OPEC+ supply decision
Oil prices rise with all eyes on OPEC+ supply decision
Source: Reuters
2024-12-05 08:59:38 am
Buy Reliance Industries Ltd For Target Rs.1,660 By JM Financial Services The recent weakness in RIL’s share price (down ~15% in the last 2 months) seems primarily due to: a) 5-6% downgrade in consensus FY25 EBITDA estimate driven by weak O2C and Retail business earnings in 1HFY25; and b) limited clarity on Jio’s listing timeline. Further, this was aided by accelerated stake sale by FIIs (down 112bps in Oct'24 and down 169bps during Jul-Oct’24 to 22.5% at end-Oct’24). Hence, at CMP, RIL is trading near our bear-case valuation of INR 1,23...
Buy Reliance Industries Ltd For Target Rs.1,660 By JM Financial Services
Buy Reliance Industries Ltd For Target Rs.1,660 By JM Financial Services
Source: JMFinancial Services Ltd
2024-12-04 03:15:14 pm
Neutral Aegis Logistics Ltd For Target Rs. 795 By Motilal Oswal Financial Services Ltd AVTL listing to be key near-term catalyst * AEGIS has recently filed DRHP with SEBI for the IPO of Aegis Vopak Terminals Limited (AVTL), a JV with Vopak. In the conference call, management noted: 1) the IPO comprises a fresh issue of equity shares (FV INR10) of up to INR35b, 2) IPO proceeds will be used primarily to reduce debt, and 3) the equity issue will be in two phases and both partners will equally infuse equity. * In 2QFY25, AEGIS reported EBITDA of INR2.2b (up 8% YoY), missing o...
Neutral Aegis Logistics Ltd For Target Rs. 795 By Motilal Oswal Financial Services Ltd
Neutral Aegis Logistics Ltd For Target Rs. 795 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-12-04 11:29:16 am
Oil & Gas Sector Update : CGDs: Outlook murky on shocking second major APM cut By Motilal Oswal Financial Services Ltd The Indian CGD sector outlook has become murkier with further APM gas allocation cut by the Government/nodal agency (GAIL). IGL/MGL has reported 20%/18% additional cuts wef 16-Nov on top of the ~20% cut earlier on 16- Oct, while Adani Total Gas (not rated) has indicated a 13% cut. While structural decline in APM allocation for the CGD sector is inevitable, the significant ~35% cut in the last one month with no proper policy communication is a negative. CGD companies highlighted post-Q2FY25 th...
Oil & Gas Sector Update : CGDs: Outlook murky on shocking second major APM cut By Motilal Oswal Financial Services Ltd
Oil & Gas Sector Update : CGDs: Outlook murky on shocking second major APM cut By Motilal Oswal Financial Services Ltd
Source: Emkay Global Financial Services Ltd
2024-12-04 10:05:04 am
Rajya Sabha approves amendments to Oilfields Act, Union Ministry Puri hails `historic move` The Rajya Sabha on Tuesday passed the landmark amendments to the Oilfields (Regulation and Development) Act, 1948 to facilitate the ease of business and speed up the development of India’s rapidly growing energy sector.   Hailing this as "a historic step into the future", Minister for Petroleum and Natural Gas Hardeep Singh Puri said: "The epochal amendments proposed will further strengthen and propel India’s energy sector under the leadership of Prime Minis...
Rajya Sabha approves amendments to Oilfields Act, Union Ministry Puri hails `historic move`
Rajya Sabha approves amendments to Oilfields Act, Union Ministry Puri hails `historic move`
Source: IANS
2024-12-04 09:18:58 am
Oil steady as markets weigh higher US stockpiles, OPEC+ supply plans Oil prices were little changed in early Asia trade on Wednesday as market participants weighed higher U.S. crude oil and fuel inventories as well as the likelihood of OPEC+ extending supply cuts. Brent crude futures fell 2 cents, or 0.03%, to $73.60 a barrel by 0145 GMT, while U.S. West Texas Intermediate crude futures eased 3 cents, or 0.04%, to $69.91. On Tuesday, Brent posted its biggest gain in two weeks, rising 2.5%. U.S. crude oil inventory rose 1.2 million barrels last week, m...
Oil steady as markets weigh higher US stockpiles, OPEC+ supply plans
Oil steady as markets weigh higher US stockpiles, OPEC+ supply plans
Source: Reuters
2024-12-04 08:56:21 am
Festivals lift India`s edible oil imports to 4-month high in November, dealers say  India's edible oil imports in November jumped to their highest level in four months as refiners raised purchases of palm oil, soyoil and sunflower oil to replenish inventories after robust demand during festival season, five dealers said. Higher palm oil imports by India, the world's biggest buyer of vegetable oils, would help in bringing down inventories in producing countries and support benchmark Malaysian palm oil futures trading near their highest in over two years. P...
Festivals lift India`s edible oil imports to 4-month high in November, dealers say
Festivals lift India`s edible oil imports to 4-month high in November, dealers say
Source: Reuters
2024-12-03 04:26:39 pm
Agarwal Industrial Corporation climbs on inking supply agreement with HPCL Agarwal Industrial Corporation is currently trading at Rs. 1216.05, up by 32.05 points or 2.71% from its previous closing of Rs. 1184.00 on the BSE. The scrip opened at Rs. 1229.95 and has touched a high and low of Rs. 1237.00 and Rs. 1182.00 respectively. So far 8569 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1339.00 on 26-Aug-2024 and a 52 week low of Rs. 770.95 on 13-Mar-2024. Last one week high and low...
Agarwal Industrial Corporation climbs on inking supply agreement with HPCL
Agarwal Industrial Corporation climbs on inking supply agreement with HPCL
Source: Accord Fintech
2024-12-03 03:27:20 pm
Stock of the day : Petronet LNG Ltd For Target Rs. 365 - Religare Broking Petronet LNG Ltd * PETRONET days price action suggests volume delta with positive rebound. * Stock has given a breakout from its falling trend line and 100 DEMA. * Demonstrates stronger charts comparatively from its peers, bouncing back from 200DEMA. * Recommendation: We maintain momentum buy keeping supports at 100 DEMA. * Traders are recommended to accumulate for momentum upside towards 365 zones. Buy Petronet LNG Ltd CMP 333.10 Range 332-336&n...
Stock of the day : Petronet LNG Ltd For Target Rs. 365 - Religare Broking
Stock of the day : Petronet LNG Ltd For Target Rs. 365 - Religare Broking
Source: Religare Broking Ltd
2024-12-03 11:07:34 am