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BPCL, HPCL to Account for 31% of Increment in FY24 Nifty Profit; OMCs May Drag Numbers in FY25

Kotak Institutional Equities has projected that BPCL and HPCL will contribute 31% of the incremental Nifty profits in FY24. However, they have also cautioned that oil marketing companies (OMCs) could potentially drag down overall profits as things normalize in FY25. The brokerage firm is assuming that refining and marketing margins of OMCs for FY2024-26 will […]

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BPCL, HPCL to Account for 31% of Increment in FY24 Nifty Profit; OMCs May Drag Numbers in FY25 Read More »