Oil marketing companies are poised for strong earnings growth in the December quarter, driven by robust refining margins and improved fuel price spreads. Upstream producers, however, face pressure from lower crude oil prices, while city gas distributors are expected to report healthy volumes and expanding margins despite some headwinds.
Sugar stocks rally continues: Balrampur Chini, Dhampur Sugar, Uttam Sugar Mills rally up to 4%. Two big triggers
Sugar stocks rallied as domestic sugar prices surged sharply over the past month. Government data showed retail prices rising from Rs 48.18/kg on July 20