ONGC Rated 'Buy', Gujarat Gas 'Sell' In Yes Securities’ Oil And Gas Pack Ahead Of Q3 Results — Check Full List

Standalone refiners such as Chennai Petroleum Corporation and Mangalore Refinery and Patrochemicals Ltd. are positioned in a sweet spot, with better GRMs anticipated on elevated product cracks. However, forex depreciation could weigh on profitability across refiners and OMCs..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Yes Securities Report.Yes Securities expects the oil and gas sector to deliver robust core performance in Q3 FY26 on both YoY and QoQ basis. While upstream players may face pressure due to lower crude realisations, downstream companies, particularly OMCs, are likely to report significant YoY improvement in refining margins. Marketing margins may remain slightly weaker, but minimal inventory losses and receivable inflows from prior LPG subsidy burdens should support earnings.Standalone refiners such as Chennai Petroleum Corporation Ltd. and Mangalore Refinery and Patrochemicals Ltd. are positioned in a sweet spot, with better GRMs anticipated on elevated product cracks. However, forex depreciation could weigh on profitability across refiners and OMCs. Reliance Industries Ltd. is expected to post stronger oil-to-chemicals performance on improved GRMs, alongside higher average revenue per user and subscriber additions in Jio, while retail Ebitda margins should remain steady on a growing topline..City Gas Distribution volumes would increase QoQ for Mahanagar Gas Ltd. and decline marginally for Indraprastha Gas Ltd. due to winter and Gujarat Gas due to Morbi decline. In terms of volume growth, Mahanagar Gas could witness a higher increase, and recovering spreads would support profitability. All three are expected to report sequential improvement in Ebitda spreads despite declining APM allocation, due to price hikes and fall in gas prices. IGL and Gujarat Gas are expected to protect their sequential earnings on better Ebitda spreads despite a fall in volumes..Click on the attachment to read the full report:.Laurus Labs, Biocon, Rubicon Lead Motilal Oswal’s Top Picks As Q3 Healthcare Outlook Brightens — Check Details.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

ONGC Rated 'Buy', Gujarat Gas 'Sell' In Yes Securities’ Oil And Gas Pack Ahead Of Q3 Results — Check Full List

Refiners and oil marketing companies to outshine in Q3, gas pack to be stable and upstream weaker, projects Yes Securities.

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