/ Oil & Gas Sector Stocks Have Been Trading With Mixed Sentiments On Monday ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 12 June 2017

The market has been expecting a consolidated in the industry as oil stocks are in focus. The ONGC (Oil and Natural Gas Corporation) state owned, is planning to acquire HPCL of an aggregate worth Rs 42,254 crore, it’s a rumor in the market. The Indian government believes that consolidation, mergers and acquisitions are strengthening the Central Public-Sector Enterprises, which will give them the higher investment decisions, capacity to bear higher risks, avail economies of scale and create more value for the stakeholders.

In the Union Budget 2017 speech, Finance Minister Arun Jaitley said that restructuring plans are visible in the oil & gas sector. To match the performance of international and domestic private sectors oil & gas companies. The government is planning to create an integrated public sector ‘oil majors’.

BPCL, IGL and Reliance Industries Limited are trading in negative territory while GAIL, Hindustan Petroleum, IOC, OIL ONCG and Petronet Oil & Gas stock companies are trading in the green zone.

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