HPCL

US-Iran war: IOC turned the biggest laggard among the OMC stocks, declining over 2%. Other OMC stocks, HPCL and BPCL shares, also witnessed similar downward movement of 1.60% and 1.81% on 29 June.

As uncertainty looms over a final deal between the US and Iran, India has asked its state-run fuel retailers to increase LPG storage and maintain reserves for at least 30 days' demand amid supply concerns linked to the Strait of Hormuz crisis.

OMC stocks will remain in focus on Monday, 25 May, after petrol and diesel prices hiked for the third time in eight days. Experts recommend these OMC stocks to buy amid rate hike uncertainty.

Chennai Petroleum Corporation shares were the top loser in the index with a fall of 3.2%. It was followed by Indian Oil Corporation Ltd, Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) shares which dropped more than 2.5% each.

Petrol and diesel price hike offers some relief to OMCs, but analysts believe it is insufficient to fully offset the massive under-recoveries accumulated over the past few years. OMCs are estimated to be incurring losses of around ₹20 per litre on petrol and nearly ₹100 per litre on diesel.

Shares of state-run oil marketing companies fell despite a petrol and diesel price hike, as investor sentiment remained weak due to lower-than-expected increases and rising global crude prices. Petrol in Delhi is now ₹97.77 per litre, while diesel is ₹90.67 per litre.

HPCL Q4 results 2026: Hindustan Petroleum Corporation reported a solid 77.6% YoY jump in its consolidated profit to ₹6,065.26 crore for Q4FY26. HPCL's board recommended a final dividend of ₹19.25 per share, having a face value of ₹10 for FY26.

Bharat Petroleum Corporation (BPCL) shares emerged as the worst loser with a 1.55% decline, while Indian Oil Corporation Limited (IOCL) and Hindustan Petroleum Corporation Limited (HPCL) stocks shed less than 1% each.

Shares of oil marketing companies surged as crude prices eased, with IOC up 8.2%, HPCL up 9%, and BPCL up 8.8%. The drop in Brent crude prices boosts refiners' margins and alleviates inflation concerns, improving sentiment and earnings outlook for these firms.