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Crude-Sensitive Stocks Like IOC and Apollo Tyres Fall as Oil Prices Surge
IOC, Asian Paints, and Apollo Tyres saw a drop of up to 4% as rising oil prices raise concerns over margin pressures for these crude-sensitive stocks.
Shares of crude-sensitive stocks, including IOC, Asian Paints, and Apollo Tyres, fell by up to 4% as oil prices saw a sharp rise. The surge in oil prices raised concerns over margin pressures for these companies, especially in the automotive and paint sectors. Analysts suggest that continued oil price increases could lead to further declines in these stocks, urging caution among investors.