Stocks - Q : Quality | V : Valuation | PT : Price Trend
Funds - P : Performance | Q : Quality
Funds - P : Performance | Q : Quality
Shares of oil marketing companies (OMCs) traded higher after government hiked excise duty on petrol and diesel by Rs 2 per litre each but there will be no change in retail prices as the increase will be adjusted against the price cut that was warranted because of falling international oil prices. The excise duty on petrol was hiked to Rs 13 per litre and that on diesel to Rs 10 a litre. The increase in duties is come into force on the April 08, 2025.
Hindustan Petroleum Corporation is currently trading at Rs. 369.25, up by 15.90 points or 4.50% from its previous closing of Rs. 353.35 on the BSE. The scrip opened at Rs. 360.45 and has touched a high and low of Rs. 371.65 and Rs. 353.25 respectively.
Bharat Petroleum Corporation is currently trading at Rs. 286.05, up by 11.65 points or 4.25% from its previous closing of Rs. 274.40 on the BSE. The scrip opened at Rs. 279.20 and has touched a high and low of Rs. 286.30 and Rs. 275.40 respectively.
Indian Oil Corporation is currently trading at Rs. 131.20, up by 2.85 points or 2.22% from its previous closing of Rs. 128.35 on the BSE. The scrip opened at Rs. 129.35 and has touched a high and low of Rs. 131.75 and Rs. 128.20 respectively.
International oil prices have slumped to their lowest since April 2021 as escalating trade tensions between the United States and China stoked fears of a recession that could cut oil demand. India is 85% dependent on imports to meet its oil needs.
The Modi government during its 11-year rule hiked excise duty whenever international oil prices fell. The government had between November 2014 and January 2016, raised excise duty on petrol and diesel on nine occasions to take away gains arising from plummeting global oil prices. In all, duty on petrol rate was hiked Rs 11.77 per litre and that on diesel by 13.47 a litre in those 15 months that helped government’s excise mop-up more than double to Rs 2,42,000 crore in 2016-17, from Rs 99,000 crore in 2014-15.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1301.65 |
| Indian Oil Corp. | 138.40 |
| BPCL | 301.95 |
| HPCL | 390.40 |
| MRPL | 141.65 |
| View more.. | |
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.
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