Should you invest in HPCL, BPCL, IOCL and other OMC stocks now as oil not on the boil anymore; slips below $90/barrel

The correction in crude prices has strengthened investor sentiment towards OMC stocks. HPCL, BPCL and IOC shares have gained between 10% and 13.5% so far in November, benefiting from expectations of lower crude procurement costs and improved marketing margins.