CMP (Rs ): 163.65
Final 1-year Change (%): 136.8
ONGC is taken into account one of many largest beneficiaries of rising power costs because it has a dominant market place within the home crude oil and pure gasoline manufacturing enterprise costs. Analysts mentioned the inventory, which is at a two-year excessive, is buying and selling above all vital technical shifting averages. Rajesh Palviya, head-technicals and derivatives at Axis Securities mentioned: “Rs 152 is the cease loss to go lengthy on the inventory for a goal of Rs 175. If it crosses Rs 175 it could possibly scale as much as Rs 195-Rs 200 ranges.”
CMP (Rs ): 234.95
Final 1-year Change (%): 167.6
Oil India, one other main benefi-ciary of rising crude, has given a breakout after the current rally and will rise as a lot as 27%. “Wanting on the set-up, one can purchase at present ranges with a cease lack of Rs 220 for a goal of Rs 260,” mentioned Palviya. If it crosses Rs 260 it could possibly rise additional to Rs 300, he mentioned.
CMP (Rs ): 2,668.55
Final 1-year Change (%): 19.3
Shares of the oil-to-telecom conglomerate may acquire as a lot as 12% from present ranges if crude oil costs stay elevated. “They’re extra answerable for stock and GRMs will broaden on rising crude oil costs. I don’t rule out Rs 2,850 to Rs 3,000 on Reliance Industries,” mentioned Sanjiv Bhasin
CMP (Rs ): 3,322.75
Final 1-year Change (%): 60
Asian Paints shares may come below stress as crude oil and its derivatives account for about half of paint corporations’ prices. “Paint corporations have publicity to crude costs however previously two years, water-based paint class publicity has elevated. Additionally, they’ve taken three rounds of worth hikes. Nonetheless, there will probably be some stress,” mentioned Abneesh Roy, vice president-institutional Equities at Edelweiss. He expects the impression of upper crude costs to be felt on margins over the subsequent couple of quarters.
CMP (Rs ): 2,039.85
Final 1-year Change (%): 47.8
For airways, oil is the most important enter and rising costs hit profitability essentially the most. Analysts mentioned the federal government restoring scheduled home operations from October 18 will assist aviation corporations ease the impression of rising crude costs. “ If demand picks up, it’s simpler to impression value will increase,” mentioned Jyotivardhan Jaipuria, founder, Valentis Advisors.
CMP (Rs ): 821.25
Final 1-year Change (%): 34.9
Upside in Berger may very well be capped as traders may query wealthy valuations amid margin stress. Chandan Taparia, derivatives analyst at Motilal Oswal, mentioned the inventory may nonetheless contact Rs 872 on technical power if holds above assist of Rs 785.