Upstream PSU firms shine amid oil surge; Oil India, ONGC stocks may see 53-58% upside - Economic Times

6/12/2022 12:00:00 AM2 years 10 months ago
by Bhaskar Dutta
by Bhaskar Dutta
Stock prices of upstream PSU firms like ONGC and Oil India have gone up 13-46 per cent in the past six months despite 67 per cent rise in Brent crude price and 110 per cent hike in domestic administered price mechanism (APM) gas based on windfall tax gain con…
The surge in fuel prices since Russias invasion of Ukraine in late February may have emerged as a major upside risk to Indias inflation and trade deficit, but upstream state-owned oil companies are a… [+3589 chars]
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