Hindustan Petroleum Corporation Ltd. Share Price

Brent Below $105 Post-Close; OMCs in Focus

Oil marketing companies were already firm in today’s session.

Nifty Eyes Gap-Up Open; Oil Marketing Cos Watch

Pre-open cues are positive. GIFT Nifty is trading about 170 points higher, and Brent crude is down around 2.4% on supportive geopolitical news, which points to a gap-up start. On Friday Nifty extended its upside, respected the pivot cluster and hit the first hurdle at 23,040. It came close to the second hurdle at 23,155 before settling near 23,053. The inverse Head & Shoulders breakout remains intact. RSI near 60 has cooled from the overbought zone but stays above the midline, so momentum is still positive. For the day, 23,050-23,000 is the pivot cluster. A move below it could slightly weaken momentum, with 22,935 and 22,800 as supports. On the upside, 23,150 is the next resistance, and a gap-up open could bring the pattern’s measured-move reference near 23,240 into play. The first half-hour of trade will be important. With Brent trading lower, oil marketing companies such as BPCL,

HPCL stays below cloud; ₹343–₹352 is resistance

Hindustan Petroleum Corporation,

INDIAN REFINERS HIT 100% UTILISATION AMID DIESEL SHORTAGE

A global diesel shortage is creating an opportunity for Indian refiners as buyers seek alternative suppliers. What's driving the shortage? • Russia: Ukrainian attacks on refineries have disrupted production and exports. • China: Restrictions on refined fuel exports have cut global supplies. • West Asia: Geopolitical tensions have disrupted energy supply chains. India capitalises on the opportunity According to Kpler, India's diesel exports averaged 7.1 lakh bpd (Oct 1–29), a 13-month high, up 19.6% MoM and 8.1% YoY. India is the world's second-largest seaborne diesel exporter after the US. Major exporters: !RELIANCE accounts for nearly 78% of India's diesel exports, followed by IOC (7.5%), Nayara Energy (5.6%), MRPL (5.4%) and HPCL (3.7%). Why are refiners benefiting? The key factor is the diesel crack spread -the difference between diesel selling prices and crude oil costs. When diesel prices rise faster than crude, refining margins improve. Higher exports also boost refinery utilisation and international realisations. Impact on the Indian economy Higher exports generate foreign exchange and partly offset crude import costs. However, prolonged high diesel prices can raise transportation, agricultural and manufacturing costs, adding to inflationary pressure. Kpler estimates exports could moderate to 5-5.5 lakh bpd in Nov-Dec, as festive transportation and agricultural activity lift domestic demand. A recovery to 5.5-6 lakh bpd is possible in Q1 2027. Investor Takeaway The development benefits Reliance Industries, IOC, Nayara Energy, HPCL and MRPL, as stronger exports and refining margins can support near-term earnings investors should distinguish temporary gains from sustainable earnings growth. Key indicators: Diesel crack spreads, crude procurement costs, export volumes, refinery utilisation and domestic fuel demand. The key question: Can higher refining margins sustain themselves, or are they a temporary benefit of global supply disruptions?

Stocks in Focus Today: Q2 Results and Business Updates

Positive Developments 1. TVS Motor: Reported record quarterly revenue of ₹17,103 crore and 52% YoY profit growth to ₹1,377 crore. The board also approved the demerger of its consumer finance business. 2. L&T: Q2 net profit rose 32.5% to ₹5,202 crore, while fresh order inflows reached ₹1.48 lakh crore during the quarter. 3. HPCL: Returned to profitability with a Q2 net profit of ₹3,483 crore, compared with a loss of ₹11,526 crore in Q1. 4. Jio Platforms: Made its market debut at a 21.4% premium, attracting attention following its listing. 5. Meesho: Reported a narrower Q2 loss, supported by higher order volumes and growing seller advertising revenue. Stocks Facing Pressure 6. Adani Enterprises: Q2 profit declined 55% to ₹1,492 crore despite revenue growing nearly 75%. Higher spending on developing businesses affected profitability. 7. Hero MotoCorp: Q2 results missed market estimates as rising raw material and manufacturing costs affected margins. 8. United Spirits: Net profit declined 2%, mainly due to weaker sales in its lower-priced liquor brands. 9. Colgate-Palmolive: Quarterly profit missed estimates, with EBITDA margin falling to 28% amid higher advertising expenses. These stocks are in focus due to their quarterly earnings, profitability changes and major corporate developments. Note: not a buy/sell recommendation. Educational only, not investment advice. DYOR. — SASIKUMAR PEYYALA SEBI Registered Research Analyst Disclosures & disclaimers: *****

BPCL, INDIGO, APOLLO TYRES, OTHER CRUDE-SENSITIVE FALL