External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Thematic (Sector/Industry)

India Industrials / Thematic (Sector/Industry)

<ul><li>During the past three quarters, (i) average crude oil prices declined by ~11% from~ USD75/bbl to ~USD 67/bbl, (ii) transportation fuel cracks improved by 15-37%, and (iii) retail fuel prices remained unchanged</li><li>These factors augured well for growth in integrated margins (exhibit 6) of OMCs, which resulted in improved profitability and cash flows</li><li>With crude oil prices further declining in the current quarter and gasoil product cracks strengthening, Gross Refining Margins (GRMs) have remained strong (exhibit 4)</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

During the past three quarters, (i) average crude oil prices declined by ~11% from~ USD75/bbl to ~USD 67/bbl, (ii) transportation fuel cracks improved by 15-37%, and (iii) retail fuel prices remained unchangedThese factors augured well for growth in integrated margins (exhibit 6) of OMCs, which resulted in improved profitability and cash flowsWith crude oil prices further declining in the current quarter and gasoil product cracks strengthening, Gross Refining Margins (GRMs) have remained strong (exhibit 4)Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

石油マーケティング会社：良質な原油で統合利益率を健全に保つ