LPG DEPOT
Another sector which is going through a transformation: 6 energy stocks which can give more than 18 % return in one year.
In the last one month, there has been more sectoral rotation than probably one would have seen in the last one year. The reason is, some of the sectors which have been going through structural changes and a number of them are close to a point where either companies should produce results or they would disappoint. Take the case of auto, and a year back they were close to the same inflection point. One year later as they launch their EV’s they are being re-rating. In the case of energy companies, because the transformation is different and is much more basic in nature which requires more capex, it is going to take time. Hence expectation of the similar reaction on the street should not be expected, but there is another side to it, it would be a more sustainable change on a much bigger balance sheet and long runway of growth.
These 5 energy stocks can give more than 18% returns in one year
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Get your portfolio ready for election results: Hedge the re-rated oil and gas sector stocks
Right from power, railways, PSU banks, sectoral lenders to oil and gas there are many sectors which have made a comeback in the last 10 years. Comeback both in the real business sense, where the operating matrix and fundamentals of the sector have improved which has led to better performance. Also a comeback on valuation front, where the stocks which were quoting at a price earning multiple of single have been now consistently quoting in high double multiples. A number of them have seen this transformation due to a stable policy environment, policy push and policy cleanup which the government has undertaken in the last ten years. The consensus estimate of the street is that policy continuity is the most critical thing for the re-rating to continue. In this new series, we take a different sector and how much they are dependent on government policy and how investors can protect their portfolio from any sudden decline.
These 4 energy stocks can give more than 23% returns in one year
Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
MoS Petroleum Teli lays foundation stone for HPCL Petroleum, Oil Lubricants, and LPG Depot at Assam's Karmadanga
The Foundation Stone for HPCL POL and LPG Depot was laid in Karmadanga, Chirang District of Bodoland Territorial Region (BTR) in Assam by Union Minister Rameshwar Teli and BTR Chief Pramod Boro. The project signifies the development in BTR after the BTR Peace Accord 2020, with investment and enhanced energy accessibility.
Truckers protest: Panic buying of petrol, diesel and LPG cylinders in Punjab
Motorists in Punjab and Haryana queued up at fuel stations amid concerns of imminent fuel shortages as truckers stayed off the roads to protest the new stringent hit-and-run law. In Haryana, private bus operators and auto-rickshaw unions joined the protest.
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After 'Chotu', 'Munna' to hit NE markets soon: IndianOil
On other infrastructural development in NE, the top official said work has commenced for green field petroleum, oil and lubricant (POL) depot at Sekerkote in Tripura, for which the IOCL board had approved Rs 656 crore. Expansion of Betkuchi Terminal in Guwahati is being undertaken with approved cost of Rs 277 crore and approval is in process for revamping project at Dimapur Depot at an estimated expenditure of Rs 231 crore, he said.
Bearish Trade: This OMC stock is set for a correction
This stock peaked in October of 2021. Thereafter, it has been forming a series of lower highs and lower lows, till it formed a double bottom at Rs 290. The price has now breached the rising trendline support and is expected to test its previous bottom. The price is sustaining below the trendline support which increases the likelihood of a breakdown.
Oil ministry to push for ₹44,000 crore compensation to offset LPG losses
The amount would go towards offsetting oil marketing companies' losses on the sale of cooking gas in 2021-22 and 2022-23 as well as providing subsidies to Ujjwala customers this year, said the people. The proposal is likely to be finalised shortly and sent to the finance ministry, they said.
In flood ravaged Silchar in Assam’s Barak valley, IndianOil is delivering LPG cylinders to household on boats
Silchar witnessed the second spell of floods within a month. While Silchar is the worst hit, 32 out of 35 Districts of Assam have been affected.
IOC to pump in Rs 840cr to set up POL plant, raise storage capacity in NE
The company is planning to take its POL capacities to 5,530 Thousand Metric Tonnes Per Annum (TMTPA) by 2030 from the existing 3,160 TMTPA, Indian Oil Corporation Executive Director (IndianOil-AOD) G Ramesh told PTI.
'No mask, no fuel' rule implemented in Arunchal capital
Taking to Twitter, Chief Minister Pema Khandu stated that 'no mask, no fuel' rule has been implemented in Itanagar. Capital Complex Petroleum Depot Association president Arun Kipa Loram said necessary instructions have been forwarded to petrol pump owners and managers in this regard.
Oil cos say no LPG shortage at all, delivering at least 40% more fuel now
The collective assurance of uninterrupted supplies of all oil products, especially LPG cylinders, by Indian Oil, BPCL and HPCL, come amidst panic booking of cooking gas by consumers since the national lockdown imposed to contain the spread of Covid-19 pandemic.
Government notifies e-way bill, exempts vegetables, fruits out of its ambit
These will provide the framework for the transport of goods under GST regime. An e-way bill is required to transport any item worth more than Rs 50,000 within the country.
We are further strengthening our marketing infrastructure to cater to the increasing demand: MK Surana of HPCL
"We do see our opportunities in terms of industrial goods we are one of the largest sellers of lubes in India and we have constantly maintained that position."
Indian Oil finds a short cut through Bangladesh to send fuel tankers to Tripura; to invest Rs 650 crore for storage depots near Agartala
The company will also set up one Petroleum, Oil and Lubricant (POL) depot and a new bottling plant in Agartala
Indian Oil Corporation sends petrol tankers to Tripura on train
Indian Oil Corporation entered into talks with North Frontier Railways and arranged for a “Roll On Roll off” goods train facility in Tripura Churaibari.
IOC signs pact with Nepal Oil Corp for Rs 275-crore oil pipeline
Indian Oil Corp (IOC) today said it has signed an agreement with Nepal Oil Corp (NOC) to lay a Rs 275-crore oil pipeline from Raxaul in Bihar to Amlekhgunj in Nepal.
India to rush petro products to quake-ravaged Nepal: Dharmendra Pradhan
Amid massive shortage of petro products including LPG in Nepal following a ravaging earthquake, Pradhan said that India will augment fuel supply to meet its requirement.
Indian Oil Corporation to invest Rs 5,300 crore in LPG import facility
IOC is building a 15 million tons a year refinery at Paradip at a cost of Rs 34,555 crore. The unit is to be commissioned in phases beginning March.
India considers laying LPG pipeline to Nepal
After oil, India is now studying feasibility of laying a LPG and gas pipeline to Nepal for supply of cooking fuel to the Himalayan nation.
India to sign a deal for oil pipeline to Nepal
India is likely to next month sign a deal to lay an oil pipeline to Nepal for supply of petrol, diesel and ATF, said Sunil Kumar Thapa, Commerce Minister of the Himalayan nation.
Oil companies like Hindustan Petroleum Corporation restore fuel supply in Kashmir
The minister has also asked Indian Oil Corporation to airlift jet fuel to the flood-affected areas so that the Army can conduct uninterrupted rescue work.
Hindustan Petroleum Corp Ltd posts a net profit of Rs 46 crore in June quarter
"Despite not receiving full under-recovery compensation and lower throughput, it has been a good quarter for us," HPCL Chairman and MD said.
IOC to invest about Rs 1,000 crore in Kerala by 2016-17
IOC will invest about Rs 1,000 crore by 2016-17 in Kerala to set up various facilties, including an integrated LPG import facility at nearby Puthuvypeen.
IOC plans to upgrade capacity of Doimukh depot
IOC has chalked out a massive plan to upgrade the capacity of its Doimukh depot and proposed to transport oil to the depot through railway tanker.
Bulk diesel sale down 3-4% after price deregulation in Bengal
Bulk diesel sales have contracted by 3-4 per cent only in West Bengal in the first fortnight after the prices were deregulated on January 17, an IOC official said today.
Jaipur effect: A review of oil depots near cities
The fire at IndianOil’s fuel storage facility at Jaipur has triggered alarm in the government over location of such oil marketing infrastructure in populated areas.
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