InvestorQ : WHAT IS THE VIEW FOR THE OMC STOCK IOCL FOR THE MONTH OF JUNE???
Pankaj Parmar made post

WHAT IS THE VIEW FOR THE OMC STOCK IOCL FOR THE MONTH OF JUNE???

Answer
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Mahima Roy answered.
3 months ago


The sharp spike in the crude oil prices should be positive for the downstream stocks like IOCL for 2 reasons. Firstly, the refining business will get better GRMs due to higher crude prices. Secondly, the inventory valuation will be superior due to higher crude prices.