Top 6 Stocks To Buy For Long Term: HSBC says these OMCs could offer up to 35% returns - List

Global oil and gas markets are expected to move into surplus by 2026, a scenario India has long awaited. The shift is likely to improve utilisation of LNG import terminals and pipelines while boosting gas demand and profitability for major Oil Marketing Companies (OMCs).

Here is how key stocks stack up:

With global gas markets headed for surplus, GAIL stands to benefit from improved transmission volumes and better utilisation of its pipeline network. Analysts retain a Buy rating with a target of Rs 235, implying an upside of around 34 per cent from the current market price of Rs 175.45.

HPCL is expected to benefit from stronger refining margins and improved marketing profitability as crude oil prices stabilise in a surplus market. With a target of Rs 580, the stock offers an upside of about 28 per cent from the CMP of Rs 451.65.

BPCL remains well-positioned to benefit from lower input costs and better fuel marketing dynamics. The brokerage maintains a Buy rating with a target of Rs 480, indicating an upside of nearly 35 per cent from Rs 354.05.

IOC is expected to see volume and margin benefits from improved refining economics in 2026. Analysts maintain a Buy call with a target of Rs 200, translating to an upside of roughly 23 per cent over the CMP of Rs 162.95.

Despite higher terminal utilisation expected ahead, analysts maintain a Hold stance on PLNG. With a target of Rs 320, the stock offers a moderate upside of around 18 per cent from Rs 271.75.

In a surplus-driven environment, upstream companies like ONGC may face pricing pressure. The brokerage recommends Reduce, with a target of Rs 200, implying a downside of about 18 per cent from the CMP of Rs 244.90.