PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
PSU Oil Stocks: State-run oil marketing companies (OMCs) Indian Oil Corporation (IOCL), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) have reported a decline in their respective net profit during the July-September quarter for fiscal 2024-25 (FY25).
PSU Oil Stocks
PSU Oil Stocks: According to global brokerage Goldman Sachs, marketing and refining were among the key factors that led to the misses.
PSU Oil Stocks: Goldman Sachs on PSU oil stocks
PSU Oil Stocks: Goldman Sachs said that it sees the largest downside risk in IOC. However, it has retained a neutral rating on HPCL and BPCL stocks.
PSU Oil Stocks: IOC Share Price Target
PSU Oil Stocks: Brokerage firm Goldman Sachs has maintained a sell rating on IOCL and has cut the target price to Rs 105 from Rs 120.
PSU Oil Stocks: IOC Share Price Today
PSU Oil Stocks: Meanwhile, the counter opened in red at Rs 144.85 on the BSE. It fell further to touch the low of Rs 136.40 - a fall of 5.93 per cent from the previous close of Rs 145.
PSU Oil Stocks: HPCL Share Price Target
PSU Oil Stocks: The global brokerage firm has maintained a neutral rating on HPCL but has cut the target to Rs 370 from Rs 375.
PSU Oil Stocks: HPCL Share Price Today
PSU Oil Stocks: The counter opened in green at Rs 383.45 but fell down to touch the low of Rs 363.60 - a fall of 4.59 per cent from the previous close of Rs 381.10.
PSU Oil Stocks: BPCL Share Price Target
PSU Oil Stocks: Goldman Sachs has maintained a neutral rating on this stock but has raised the target to Rs 370 from 365.
PSU Oil Stocks: BPCL Share Price Target
PSU Oil Stocks: The counter opened almost flat at Rs 312.95 on the BSE and fell down to touch the low of Rs 298.30 - a fall of 4.68 per cent from the previous close of Rs 312.80.
PSU Oil Stocks: Disclaimer
PSU Oil Stocks: The advice to invest in stocks here has been given by the brokerage house. These are not the views of Zee Business. Consult your advisor before investing.