FPIs fill up on oil & gas stocks as rising crude boosts margins

Improving realisation on petroleum products, the likelihood of higher refining margins due to higher crude prices, and better marketing margins have rekindled investor interest in these stocks. The energy stocks inflow constituted 28% of the total inflow in the first half of June compared with 12% on the year-to-date (YTD) basis. The share of energy stocks in the equity assets under management (AUM) of FPIs rose to 10% on June 15 compared with the six-month average of 9.7%

from Stocks-Markets-Economic Times https://ift.tt/3qn5xT3