Golden Days for Oil Refiners in India - Ref: 0901-NASA -004
Publisher's Description
Author's favourite column on his blog - NASA or News, Analysis, Strategy, Actions. Bloomberg reported that India may "deregulate the fuel prices" soon. This is a tremendous news for State Owned Refineries (SOE) which were operating for under "subsidy" regime for so long, strictly inhibiting its profitability. The stocks of these companies, which constitute over $100 (BPCL, HPCL, IOC, MRPL and ONGC) billions of combined revenues, have been trading at 5 to 6 times P/E. With release of subsidy, the profits of these companies are poised for extra ordinary growth, and it is possible that these stocks could rise 500% in next 3 years. The stock like HPCL (formerly Esso) have been paying over 8% dividend. This may rise soon. Recession? What recession? Be stock specific and invest. There has been no such profitable opportunity in any market place. Read more...
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Categories
business
Tags
india / news & politics / oil refiners / de-regulation of fuel price in india / nasa.
Language
English
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