OMC Stocks Rally In November On Lower Crude, But Remain Down For The Year Further Crude Correction Could Drive More Upside Spot Petrol/Diesel Margins Recover But Remain Below Pre-Iran Conflict Levels FY27 Consensus Estimates Have Seen Material Cuts, While FY28 Estimates Remain Stable FY28 Earnings Upgrade Cycle Yet To Begin, Sustained Lower Crude Could Trigger Upgrades Stock Gains Likely To Be Gradual Amid Crude Price Uncertainty & Government Tax Concerns Strait Of Hormuz Reopening Could Push Oil Prices Structurally Lower
\n\nThe stock rose up to 6%. The stock is now up 4.2%.
\n\nThe company reported strong earnings in the second quarter with earnings exceeding expectations significantly.
\n\nPrice Hikes Will Continue, But Will Be Smaller Than Before
\n\nGross Margins Are At Approx 32-33% Level, Comfortable With 40% Level
\n\nPrice Hikes Will Continue In H2FY27
\n\nDemand Has Been Stable In Q3, But Growth Rates Likely To Moderate Due To A High Base YoY
\n\nRaw Material Prices Are Higher By Approx 30% Since Q4FY26
\n\nWe Are Already Handling Complete Aftermarket Customers Of Camso
\n\nTargeting Better Margin From 2w Segment With Stable Market Share
\n\nExpect Demand Pick-up Post Festive Season
\n\nWedding Days Are Lower Which Has Impacted Demand
\n\nIn North & Central India Festival…
Original source: https://www.cnbctv18.com/entertainment/
