Invest in the best stock opportunities right now and every-time.
Start Systematic Stock Investing ...in less than a minute.
The Ministry of Petroleum & Natural Gas in its latest notification has showed that the combined profit of oil marketing companies (OMCs) for FY 2023-24 (FY24) stood at Rs 86,000 crore, over 25 times higher than the extraordinarily difficult previous fiscal year. Even as they navigated rapidly evolving geo politics and wide fluctuations in crude prices, the OMCs not only ensured fuel availability at affordable rates, with one of the lowest fuel price inflation globally in India, but they have also rewarded the shareholders’ trust by posting commendable annual results.
According to the notification, markets have reacted positively to the results with Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) share prices rising after the announcement of results. Moreover, analysts have taken cognisance of the performance and many of them have put a buy recommendation, a strong validation of their annual performance and the outlook for the current fiscal year.
Meanwhile, over the last few years, the government has unleashed the potential of OMCs by allowing the right mix of freedom and accountability. The government maintains an arm’s length distance from their business decisions while fully supporting and encouraging ambitious plans that are aligned with the vision of Viksit Bharat, 2047.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Download APP
