Oil India vs ONGC vs OMCs: What JM Financial’s $80 Brent call means for oil stocks
- Posted on August 19, 2026
- By Business News Today
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- 1 min read
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Oil India vs ONGC vs OMCs: What JM Financial’s $80 Brent call means for oil stocks
Brent crude may stay near eighty dollars a barrel for twelve months. Analysts favor Oil India and ONGC due to expected earnings growth. Oil India's refinery capacity expansion will drive future output increases. Oil marketing companies face pressure from lower integrated gross margins. Valuation and earnings concerns persist for HPCL, BPCL, and IOCL.
