Why Investors Are Preferring Pure Play Refiners Over OMCs? | Business News

Market Radar: In the last two months, we have seen more than a 40% rise in the share prices of pure-play refiners like MRPL and Chennai Petroleum, while other oil refiners like IOCL, HPCL, and BPCL have seen muted moves.
Five reasons why investors have been choosing pure-play refiners – next to negligible marketing exposure, no earnings dilution owing to fund infusion by the government, the refining environment has been conducive and stable, no windfall tax, consistent earnings performance, and stable cash flows and debt reduction.
Post the recent rally, the return potential based on the consensus target price suggests a downside of 17%.
Watch the video to understand more.

#omc #pureplayrefiners #businessnews

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