BPCL, IOCL to HPCL: OMC stocks under pressure as crude oil prices extend gain on US-Iran tensions
OMC stocks: Shares of oil marketing companies (OMCs) faced selling pressure on Thursday, February 12, as crude prices extended gains to a second day amid escalating tensions between the US and Iran.
Shares of Bharat Petroleum Corporation Limited (BPCL) declined as much as 2.20% to ₹379.05 on the BSE. Meanwhile, Indian Oil Corporation (IOC) shares fell 1.54% to ₹178.50 apiece. Another PSU oil stock, Hindustan Petroleum (HPCL), shed 1.52% to ₹454.80.
