Nirmal Bang has issued a report stating that the steep fall in the price of crude oil will result in significant savings for several mid-cap companies. They have identified these companies and made recommendations
Impact of Fall In Crude Oil Prices
Brent crude oil prices declined 38.9% from US$115.0/bbl on 19 June 2014 to US$70.3/bbl on 3 December 2014, while Indian crude oil basket prices fell 37.4% from US$111.9/bbl to US$70.1/bbl over the same period. Nirmal Bang has tried to figure out the impact of this fall in crude oil prices in terms of savings on raw material costs of companies in the mid-cap space under our coverage.
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