Chennai Petro and MRPL could experience difficulties due to oil marketing companies (OMCs) incurring losses by selling fuel at prices lower than their costs, potentially affecting their profitability.
Suresh Nambiar
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Jefferies has given a negative outlook for Jupiter Wagons, rating it as 'Underperform'. They've set a price target of ₹200, suggesting potential limited growth for the company in the near future.
Oil marketing companies (OMCs) have announced a reduction of up to ₹60 per liter on petrol prices effective March 16, resulting in lower costs compared to imports. This move may potentially put pressure on independent refiners such as MRPL, CPCL, and HMEL due to the revised pricing structure.
Oil marketing companies (OMCs) have announced a reduction of up to ₹60 per liter on petrol prices effective March 16, resulting in lower costs compared to imports. This move may potentially put pressure on independent refiners such as MRPL, CPCL, and HMEL due to the revised pricing structure.
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