{"id":265490,"date":"2019-03-22T05:39:48","date_gmt":"2019-03-22T05:39:48","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=265490"},"modified":"2019-03-22T05:39:48","modified_gmt":"2019-03-22T05:39:48","slug":"bpcl-hpcl-ioc-rally-may-run-out-of-steam","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bpcl-hpcl-ioc-rally-may-run-out-of-steam\/","title":{"rendered":"BPCL, HPCL, IOC rally may run out of steam"},"content":{"rendered":"<p>MUMBAI: The rally in Indian OilNSE -0.23 % Corporation (IOCNSE -1.19 %), Bharat Petroleum Corporation (BPCLNSE -1.67 %) and Hindustan Petroleum Corporation (HPCLNSE -2.49 %), which are among the world\u2019s most expensive refiners, is likely to be limited going ahead, said foreign brokerage CLSA. <\/p>\n<p>IOC, BPCL and HPCL have rallied 19-25 per cent in the past one month on hopes of a stable government after elections and potential of a strong fourth quarter result, thanks to record marketing margins. <\/p>\n<p>The brokerage said expensive valuation, normalisation of marketing margins and refining capacity would limit upside in these stocks. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: The rally in Indian OilNSE -0.23 % Corporation (IOCNSE -1.19 %), Bharat Petroleum Corporation (BPCLNSE -1.67 %) and Hindustan Petroleum Corporation (HPCLNSE -2.49 %), which are among the world\u2019s most expensive refiners, is likely to be limited going ahead, said foreign brokerage CLSA. IOC, BPCL and HPCL have rallied 19-25 per cent in the past one month on hopes of a stable government after elections and potential of a strong fourth quarter result, thanks to record marketing margins. The brokerage said expensive valuation, normalisation of marketing margins and refining capacity would limit upside in these stocks.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-265490","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/265490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=265490"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/265490\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=265490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=265490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=265490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}