IOC, BPCL to HPCL: Beware! OMC stocks can crash another 20% amid crude oil price spike

ICICI Securities' analysis one-year forward multiples, over the last three crises, implies that OMC stocks can fall another 15-20% from here, especially if the conflict lingers for another 60 days.

Mar 22, 2026 - 04:00
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IOC, BPCL to HPCL: Beware! OMC stocks can crash another 20% amid crude oil price spike
ICICI Securities' analysis one-year forward multiples, over the last three crises, implies that OMC stocks can fall another 15-20% from here, especially if the conflict lingers for another 60 days.

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