Business

Oil prices surged Friday amid lingering uncertainty over US-Iran peace talks and ongoing concerns about supply disruptions via the Strait of Hormuz. Despite recent gains, benchmarks are set for a weekly dip. While gaps in negotiations have narrowed, any toll system in the Strait is deemed unacceptable.

Goldman Sachs maintains a neutral stance on Jubilant Foodworks, citing margin pressures and slow Domino’s growth. Nomura is bullish on BPCL, expecting earnings recovery. Morgan Stanley sees PI Industries returning to growth, with strong biologicals margins. Grasim Industries gets an upgrade on improving demand and margin-led growth.