What does falling oil mean for Indian investors?
Winners when oil falls πΌ
1. IndiGo & aviation β fuel is 40β45% of their cost
2. Asian Paints, Berger β raw material costs drop
3. BPCL, HPCL, IOC β marketing margins improve
4. Tyre companies β synthetic rubber costs fall
Losers when oil falls π»
1. ONGC, Oil India β they earn from high crude prices