Brokerages JPMorgan and Kotak Institutional Equities have both turned more constructive on the outlook for state-run fuel retailers, arguing that the sharp correction in oil prices has eased pressure on profitability for Indian Oil Corp. Ltd, Bharat Petroleum Corp. Ltd and Hindustan Petroleum Corp. Ltd.
Brokerages JPMorgan and Kotak Institutional Equities have both turned more constructive on the outlook for state-run fuel retailers, arguing that the sharp correction in oil prices has eased pressure on profitability for Indian Oil Corp. Ltd, Bharat Petroleum Corp. Ltd and Hindustan Petroleum Corp. Ltd.
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