Oil companies are projected to experience ongoing challenges through FY27, primarily due to anticipated under-recoveries in Q1FY27, with LPG losses being a considerable issue. Although recent declines in crude prices provide short-term relief, ongoing market volatility and required inventory adjustments are expected to squeeze profit margins. A notable threat includes the government’s possible retraction of excise duty cuts to mitigate revenue shortfalls.
Citi bullish on Indian equities, sees Nifty at 28,000 by end-2027
Citi Research projects that India’s benchmark Nifty 50 index could hit 28,000 points by the end of 2027. This forecast is based on strong earnings
November 9, 2026