Goldman Sachs upgrades oil marketing cos, cites better outlook for next two fiscals

by pulseadmin February 6, 2025, 7:05 am 190 Views

Mumbai: Goldman Sachs upgraded HPCL and BPCL to ‘buy’ and IOC to ‘neutral’ citing improvement in the outlook for these oil marketing companies (OMCs) in FY26 and FY27. The brokerage said that the OMC shares are down 25% from the peak in early 2024 due to pressure on earnings on account of lower…