Oil Marketing Companies (OMCs) were among the key beneficiaries, as lower crude prices are expected to support refining and marketing margins.
Brent crude has dropped to $72/barrel, reaching pre-war levels, which significantly boosted shares of IndiGo, HPCL, and BPCL. Oil Marketing Companies are major beneficiaries of this price decline. Lower crude costs are anticipated to enhance their refining and marketing margins,…
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