Motilal Oswal - MOSL: Morning India (20/February/18): 1. Oil Gas (THEMATIC); 2. GSK Consumer; 3. Indo Count Inds; 4. Metals Weekly

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Motilal Oswal

Team Research

MOSL: Morning India (20/February/18): 1. Oil & Gas (THEMATIC); 2. GSK Consumer; 3. Indo Count Inds; 4. Metals Weekly

MOrning India (20/February/18): 1. Oil & Gas (THEMATIC); 2. GSK Consumer; 3. Indo Count Inds; 4. Metals Weekly

Today’s top research theme

Oil & Gas | Thematic: The electric avalanche and ICEs; Not a medium-term shock for the OMCs/CGDs

After being sent into oblivion almost a century ago, electric vehicles (EVs) finally seem more a reality than fiction.
China, Norway and a few other countries have taken meaningful strides in raising the penetration of EVs. Some other countries have committed to reducing the usage of fossil auto fuels in the coming years.
Considering the large subsidy required in ensuring significant penetration of EVs, in the current scenario, India still appears far away from the ‘wired’ drive.
In the meantime, petrol and diesel sales are expected to continue growing at 10% and 5%, respectively. We reiterate our positive stand on the oil marketing companies (OMCs), with a preference for IOCL (target price: INR513). We also like IGL (target price of INR416), given the strong CNG volume growth prospects.

Piping hot news

NHAI seeks to auction 1,720km of highways

Enthused by investors’ response to its toll-operate-transfer (TOT) model, aimed at monetizing India’s publicly funded highways, state-run National Highways Authority of India (NHAI) is planning to auction toll collection for road length totalling around 1,720km.

20/02/2018 24 EN

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MOSL: Morning India (20/February/18): 1. Oil & Gas (THEMATIC); 2. GSK Consumer; 3. Indo Count Inds; 4. Metals Weekly

MOSL : HOME FIRST FINANCE COMPANY: Earnings in-line with sustained improvement in asset quality

MOSL : SHOPPERS STOP: Ticking the right boxes

MOSL : ERIS LIFESCIENCES: Enhanced efforts toward product launch-related activities

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