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Sector Update: Oil

Sector Update: Oil
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First Published: Mon, Feb 23 2009. 10 52 AM IST

Updated: Mon, Feb 23 2009. 10 52 AM IST
The OMCs (HPCL, BPCL and IOC) are likely to witness an improvement in financial performance in the near term due to the likely absence of inventory losses and net over-recovery from the sale of petroleum products.
We however advise caution on these stocks given the policy risk from the ad hoc nature of fuel price fixing by the government.
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First Published: Mon, Feb 23 2009. 10 52 AM IST
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