Chennai Petroleum is a pure play refinery, could provide higher returns and dividends, amongst the oil marketing companies the brokerage likes BPCL followed HPCL.
Chennai Petroleum stands out tactically among Indian refiners due to its slate profile, cost-efficient crude sourcing, and cleaner operating structure. (Photo source: Envato)
Indian refiners continue to sit in a sweet spot as global product cracks, particularly diesel and ATF, remain elevated amid supply dislocations, with ICE gasoil premiums still hovering close to $17/bbl.