As OMCs slash commercial cylinder prices, QSR companies gain; oil and gas firms trade mixed bag

Oil Marketing Companies (OMCs) on Friday (December 22, 2023) gave relief to consumers using commercial gas as they cut the price of the 19 kg commercial cylinder by approximately Rs 39.50. The new prices will be applicable from today. While the price cut is likely to be a burden on OMCs, Quick Service Restaurant (QSR) companies are likely to get benefit form it. As commercial cylinder prices are cut, we will go through the performance of prominent OMC as well as QSR company shares.   

HPCL

The stock of Hindustan Petroleum Corporation Limited is trading down by 0.91 per cent, or Rs 3.40, at Rs 372.15, at 10:02 am on Friday.

IOCL

The Indian Oil Coportation Limited stock was trading higher by 0.20 per cent, or Rs 0.25, at Rs 124.40 in Friday morning deals.

BPCL

Bharat Petroleum Corporation Limited shares were trading flat at Rs 449 each on Friday.

QSR company shares 

Coffee Day Enterprises

Coffee Day Enterprises, which has its famous brand by the name of Cafe Coffee Day, was trading up by 1.31 per cent, or Rs 0.84, at Rs 64.88. 

Jubilant FoodWorks

The stock of Jubilant FoodWorks was trading higher by 2.65 per cent, or Rs 14.95, at Rs 579.95 on Friday morning.

Sapphire Foods India Ltd 

The Sapphire Food stock was also trading in positive territory as it was up by 0.31 per cent, or Rs 4.40, at Rs 1407.05 in morning deals on Friday. 

Devyani International LImited

Devyani International was also trading in the green with a 0.39 per cent jump, or Rs 0.75, at Rs 191.30 on in the morning trading session on Friday.