Dolat Capital has identified Mahanagar Gas and HPCL as top stock picks in the oil and gas sector, projecting bumper earnings growth.
Q1 results preview suggests CGDs could see a significant increase in Ebitda/PAT due to a sharp decline in gas cost and partial CNG price hikes.
HPCL/BPCL/IOCL are expected to report strong Ebitda numbers, driven by high GMM on petrol/diesel, LPG price declines, and government actions like excise duty hikes.
The article provides in-depth analysis of the Q1 projections and factors impacting the oil and gas sector's financial performance.