electronic goods to check the rupees slide will benefit domestic electronics companies due to the increase in domestic production companies that provide inputs to branded electronics companies will be major beneficiaries they will also be able to get a higher price because of the increased import duty on electronic components says kumarlets look at the most promising companies from the metals and minerals upstream oil and electronics sectorsongcdespite the rally in international crude oil prices and the fall in rupee the ongc counter crashed in the past few days because of concerns about a possible subsidy burden on upstream oil companies the situation has worsened since the government asked oil marketing companies omcs to absorb rs 1 on petrol and diesel the market fears that this trend of forcing psu companies to bear oil subsidy may continue in the future also the government budget allocation for cooking fuel subsidy is quite small and the subsidy may have to be shared equally by the government omcs and upstream oil companies however experts are not worried about this small subsidy burden if it happens we prefer upstream companies for their greater eps cushion even with subsidies for ongc higher brent price and the 10 hike in domestic gas prices are tailwinds says a recent jefferies india reportoil indiaoil indias net oil realisation was up 49 to rs 5330 72 per barrel in the first quarter of 201819 and its gas realisation rose 25 with international crude oil prices reaching rs 6292 85 oil and gas realisations will rise further in the coming quarters the revenue in rupee terms will also grow because the us dollar is now trading at rs 74 however the fear of the subsidy burden has kept oil indias market valuation low stagnant oil production is another worry for the countersales volume remained flat during first quarter of 201819 with relative calm in the northeast94 of its oil blocks are located thereoil india is making efforts to increase its production and any positive news on this front can be the next trigger for the counterdixon technologieswith 9 market share dixon technologies is the second largest electronics manufacturing services ems provider in india and will be a major beneficiary of the boom in electronics production besides increasing capacities and entering new categories it is also investing in backward integration for cost and quality control industrybeating 5year revenue cagr of 30 makes it a growth stock several other factors make it a good longterm bet light balance sheet healthy return ratios low working capital cycle disciplined capital investment with a payback period of 18 months and rising prominence of original design manufacturer model makes dixon tech an attractive play says a nirmal bang reportnalcoamong metal companies analysts favour national aluminium nalco it has almost everything an aluminium producer can dream ofcaptive bauxite mines coal linkages better logistics due to strategic locations etc to raise production nalco is increasing its bauxite and coal mining capacities it has also got coal mining blocks