Synopsis
Crude oil prices are something which impacts the whole of the Indian economy. Right from the fiscal deficit of the government, to the profit of companies where crude is direct raw material or its derivatives part of the raw material chain, to even the individuals. Lower oil prices means stable petrol and diesel prices at pump level which means more money to spend. So, there is a bull case for the whole of India but for some this relationship with crude oil is stronger and has a bigger impact on the margins. While for others it takes time to show an impact, we take a look at ten companies where the relationship is stronger.
When oil prices rise sharply, tensions in the Middle East come into picture, but when they decline sharply, then what are the factors which are pushing it down. Has the tension in the middle east come down ? The answer is No. So, there is more to what determines the oil prices. Similarly there are some companies whose bottom line have stronger relationships with crude oil prices as compared to others where the relationship surely exists but it
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