Emperical Exploration of Public Sector Undertaking in Petroleum Industry: Perils and Prospects

Abstract

India is one of the major oil producing countries in the world and the credit goes to the affirmative and supportive policies of the state and central government at different time intervals. In the period of last 10-20 years a number of private operators had entered the market and start to share the profit pie which was solely owned by the respective government owned and sustained oil companies. The time is changing fast and the orientation of the oil companies is also changing in the same pace. In this present paper the researcher had tried to assess the viability of the stock prices of selected state owned oil companies, in the present and the prospects of the same in near future. Here the fluctuation in the stock prices of the selected companies i.e. IOCL, HPCL and BPCL is studied for the period of 5 years. The tool used for the study was ARIMA model of forecasting and also the concepts of descriptive statistics are considered for studying the data

Keywords: BPCL and HPCL, Futureprospects, IOCL, Stock trends.