Oil equities in India experienced selling pressure during the weekend sessions amid the growing tension in the Middle East as a result of the Israel-Iran war. Another factor contributing to the oil stock’s sell-off heat is rising crude oil prices. Another factor reducing the ability of Indian oil producing enterprises to buy electricity from outside goods is the low trade value of the Indian National Rupee (INR).So, stock market experts foresee additional declines in the energy stocks traded on Dalal Street.On the other hand, they cautioned that oil stocks in decline could show quick rebound once tensions in the Middle East subside and suggested medium- to long-term investors to purchase oil stocks while they are still sliding.
Top stocks to buy in israel-iran war
The following stocks should be considered in israel-iran war;
Gandhar oil refinery
It appears that a breakout is overdue based on its recent trend. The sectoral PE of 18.32 is higher than GANDHAR’s current PE of 16.04, indicating undervaluation. Investors might investigate the purchasing range of ₹210 to ₹215 for a target price of ₹228, ₹235, and ₹250, even if it is now trading at ₹216.
Oil india
Investors could think about buying more Oil India stock while closely monitoring the Rs. 510 closing support level. From a medium-term view, the stock looks ready to test higher goals of about ₹665 to ₹680.
Petronet LNG
The current momentum of the stock looks profitable for investors. For a price goal of ₹370 to ₹430, those who are interested might enter positions between the buying area of ₹340 to ₹350. The sectors PE of 12.38 is marginally lower than the stock’s PE ratio of 13.11.
BPCL
The share price of Bharat Petroleum Corporation is currently at ₹340, but its momentum points to a potential decline. If you want to take advantage of its potential, you could think about purchasing it between ₹310 and ₹290 with a price goal of Rs. 365–450. With a stop-loss order placed at ₹265 to mitigate risk, investors may retain their units for two to eight months.
