Dr Reddy's Labs, Pidilite Industries, JSW Energy, SRF, PB Fintech, United Breweries, Voltas, IRB Infra and others will announce their Q4 results later today.
Shares of HPCL climbed 5.35 per cent to hit a high of Rs 483.40 on BSE. BPCL shares climbed 3.87 per cent to a high of Rs 608.25. IOC also gained 3.22 per cent to hit a high of Rs 174.20.
BPCL has surged 39 per cent in 2024 so far. It traded at Rs 625.60 today against Rs 450.65 at the end of 2023. If one goes by Emkay Global, further re-rating should not be ruled on the OMC counter
OMC target prices: Emkay Global has a target of Rs 600 for BPCL, Rs 500 for HPCL and Rs 160 for IOC. It has 'Buy' ratings on BPCL and HPCL and 'Add' rating on IOC.