Harshvardhan Dole, Vice President, IIFL Securities, says “in the 2024 strategy note that we have published yesterday, BPCL is one of our top picks in the sector. We find the risk reward very favourable for the oil marketing companies in general, and BPCL and IOC are preferred stocks. We like HPCL but in terms of pecking order it is BP, IOC, and then HP.”
In the CGD space, yesterday as well, we saw all of those stocks spiking in the trading session and there have been a couple of positive news flow for Gujarat Gas, specifically the price high that Aramco suggested on propane is something that should be beneficial for them. What do you think are the tailwinds to watch out for the city gas distribution space?
