Will OMCs weather the storm?

Key allies of the ruling coalition and Opposition parties have raised hue and cry after the recent price hike of petrol products. While some reports have it that the Government is unlikely to budge, indications are that the Centre might consider at least a partial rollback. If that happens, then the oil marketing companies' stocks such as Indian Oil Corporation, HPCL and BPCL are likely to come under selling pressure, as these companies are already bleeding financially.