Can OMCs move past recovery losses? How will IOC, BPCL's right issue pan out? MK Surana, Former CMD, HPCL and Dayanand Mittal, Oil and Gas Research Analyst, JM Financial Institutional Securities Ltd explains.
"Oil prices being benign is a good sign for the country. Current crude price of $75 seems logical. Difficult to say if it is right time to cut retail price or not. OMCs are underpriced compared to their actual potential. OMCs are in sweet spot now.", says MK Surana.
"Current environment is very good for OMCs. Only risk higher crude prices during elections.", says Dayanand Mittal. Watch the complete video now to know more.
#jmfinancial#omcs #crudeprice #businessnews #hpcl
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