Oil and Gas Stock: With geopolitical risks potentially past their peak, Citi believes the Indian oil and gas sector is entering a phase where stock selection matters more than broad sector bets. The brokerage has flagged BPCL, GAIL and IGL as key beneficiaries in a “worst is over” scenario, citing a combination of improving medium‑term fundamentals, recent price drawdowns and valuations that remain attractive relative to historical averages. Citi says investors should balance near‑term volatility with margin of safety and long‑term gas adoption tailwinds while building positions in select names.
Beneficiaries in a “worst is over” scenario are BPCL, GAIL, and IGL
President Donald Trump said Washington had “agreed to suspend the bombing and attack on Iran for two weeks,” describing the move as a “double‑sided ceasefire.” Iran’s Foreign Affairs Minister Seyed Abbas Araghchi confirmed Tehran’s stance, saying Iran’s armed forces would halt defensive operations if attacks against the country were stopped, raising hopes of a broader diplomatic breakthrough.
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