Fuel Companies' Profit Set to Soar: Analysts Reveal Q3 Surge Driven by Oil Prices and LPG Gains!

Overview

Oil marketing companies (OMCs) are projected for a strong third quarter, fueled by lower crude oil prices, robust refining margins, and significantly reduced losses on LPG. Analysts at Antique Stock Broking reiterated 'Buy' ratings on Hindustan Petroleum Corp., Bharat Petroleum Corp., and Indian Oil Corp., highlighting refining as a key earnings driver. OMCs are expected to sustain high profitability with compelling valuations.