Higher crude oil prices a net positive for upstream cos, possibly for OMCs too: Kotak Equities

Kotak Institutional Equities reports that rising crude oil prices benefit upstream companies like ONGC and Oil India, increasing their EPS. Surprisingly, OMCs (BPCL, HPCL, IOCL) may also gain if the government maintains current pump prices, leading to potential margin expansion. While refining margins are modest, improved marketing profitability could offset these concerns.

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LIC Housing Fin Q2 net profit grows 12% YoY

LIC Housing Finance experienced a 12% year-on-year increase in consolidated net profit, reaching ₹1,507 crore. Total income for the quarter rose by 1.5% compared to

October 31, 2026

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