Sector quality screen: refineries, gas suppliers, PSU banks lead

Sector quality screen data shows Indian refiners at 77.0/100, gas suppliers at 67.8, PSU banks at 66.0. See what concentration reveals.

sector · 29 September 2026 · 4 min read

Sector quality screen: refineries, gas suppliers, PSU banks lead
77.0/100 is the average FairStock Score for refineries and marketing companies in India, according to data compiled by FairStock.ai. That number leads the sector quality screen. LPG/CNG/PNG/LNG suppliers follow at 67.8. Public sector banks sit at 66.0. Financial institutions hold averages between 58 and 65. Tyres and rubber, housing finance, software and hotels also sit in that band. Concentration data shows the strength is spread across companies, not driven by one outlier. A sector with a 77.0 average doesn't guarantee every stock works. It does tell investors that the scoring system is finding fundamentals in multiple names, not a single event-driven spike. That matters for anyone running a quality screen. Sector quality screen: what the averages show FairStock Score combines earnings quality, balance sheet strength, valuation and governance signals. When a sector average lands above 65, it usually means several names carry scores above 70. Refineries and marketing show this pattern. [Chennai Petroleum Corporation](/stock/CHENNPETRO) (NSE: CHENNPETRO) is one refiner inside that group. Its score moves with crude price expectations, marketing margin assumptions, refinery utilisation and inventory gains. The sector average suggests the strength is spread wide enough that CHENNPETRO is not the only name lifting the number. LPG/CNG/PNG/LNG suppliers sit at 67.8. That is lower than refineries but still above the PSU bank average. The gas supplier group benefits from volume growth and regulatory pricing. But the concentration data shows more divergence than refiners. Some gas names are held back by capex-heavy balance sheets. Others score well because of stable cash flows. Stock impact: PSU banks and financial institutions Public sector banks average 66.0. [State Bank of India](/stock/SBIN) (NSE: SBIN) is the largest. [Punjab National Bank](/stock/PNB) (NSE: PNB) and [Bank of Baroda](/stock/BANKBARODA) (NSE: BANKBARODA) also score in the 60-plus range. Their scor...

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