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Sector Update: Oil and Gas

Sector Update: Oil and Gas
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First Published: Tue, Mar 10 2009. 09 34 AM IST

Updated: Tue, Mar 10 2009. 09 34 AM IST
Public sector oil marketing companies (HPCL, IOC and BPCL) are still trading a discount to their 5-year average P/E and P/Book.
However, we recommend a SELL on these counters due to the risk in their business arising from ad hoc fuel pricing policy of the government.
Click here to read a detailed report
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First Published: Tue, Mar 10 2009. 09 34 AM IST
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