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LTP
-4.80 (-1.88%)
Volume
47,48,374
Market Cap
₹1,10,827 Cr
52W Low
₹242.20
52W High
₹376.00
LTP
0.00 (0.00%)
Volume
200
Market Cap
₹83 Cr
52W Low
₹0.00
52W High
₹0.10
LTP
-24.75 (-4.93%)
Volume
4,31,644
Market Cap
₹7,471 Cr
52W Low
₹476.50
52W High
₹1,275.00
LTP
-5.57 (-3.61%)
Volume
2,87,951
Market Cap
₹1,509 Cr
52W Low
₹146.98
52W High
₹273.80
LTP
-7.60 (-2.37%)
Volume
95,24,789
Market Cap
₹68,090 Cr
52W Low
₹295.37
52W High
₹457.15
LTP
-2.83 (-2.36%)
Volume
1,14,40,646
Market Cap
₹1,69,667 Cr
52W Low
₹116.00
52W High
₹194.10
LTP
-4.85 (-4.20%)
Volume
12,47,599
Market Cap
₹20,251 Cr
52W Low
₹109.00
52W High
₹289.25
LTP
1.50 (0.12%)
Volume
95,88,447
Market Cap
₹16,45,807 Cr
52W Low
₹1,193.35
52W High
₹1,608.80
LTP
0.00 (0.00%)
Volume
5,38,396
Market Cap
₹0 Cr
52W Low
₹0.00
52W High
₹1,880.00
LTP
-2.47 (-3.04%)
Volume
69,000
Market Cap
₹170 Cr
52W Low
₹62.21
52W High
₹182.85
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The oil refinery sector transforms crude oil into usable fuels like petrol, diesel, and petrochemicals. Demand hinges on growing economies and transportation needs, while costs are driven by crude oil prices, infrastructure, and refining complexity.
India boasts the world’s 4th largest refining capacity 248.9 MMTPA, dominated by state-owned players like IOCL. However, private investment is rising, with Reliance’s Jamnagar refinery being the world’s biggest.
Challenges remain. High dependence on imported crude and volatile oil prices pressure margins. Modernisation and environmental compliance add further costs.
The government aims to amplify capacity to 450 MMTPA by 2030, focusing on clean fuels and petrochemicals. Demand is expected to increase. For example, as per the International Energy Agency (IEA), consumption of natural gas in India is expected to grow by an average annual growth of 9% until 2024. Bharat Petroleum predicts that India’s energy demand will approximately double, while natural gas demand will grow five-fold by 2050.
Overall, India’s refining sector is poised for expansion, driven by government initiatives and private participation. Navigating cost pressures and embracing clean technologies will be crucial for sustained success.
Investing in Refinery stocks via Angel One is easy. Simply follow these steps:
If you don’t have a Demat account with Angel One, you can open one for free online within minutes.
Refinery sector stocks represent companies import crude oil and refine it into marketable products for industry use such as petrol, diesel, plastic, ammonia, etc.
Indian Oil Corporation, Bharat Petroleum, Reliance Industries, etc. are some of the biggest refinery sector companies in India with publicly traded stocks.
You may assess refinery sector stocks based on their financial health through metrics like profitability, current ratio, and operational efficiency.
As the Indian economy grows, the energy needs of the economy will also likely grow. Hence, you may consider investing in the stocks of a growing sector.
With a 5 year CAGR of nearly 32.03% as of February 5, 2024, Chennai Petroleum Corporation Ltd is the best refinery sector company. As such the top Refinery sector stock can be selected based on various factors like cash richness, market size, growth rate, etc. Do your own research before deciding which stock is the best for your investment strategy.
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