HSBC upgrades OMCs to buy from hold; raises target prices

OMC companies exceeded expectations in their September quarter earnings due to a significant boost in refining margins, lower-than-expected auto fuel losses, and substantial inventory gains.

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OMC companies exceeded expectations in their September quarter earnings due to a significant boost in refining margins, lower-than-expected auto fuel losses, and substantial inventory gains. OMC companies exceeded expectations in their September quarter earnings due to a significant boost in refining margins, lower-than-expected auto fuel losses, and substantial inventory gains. Moneycontrol Latest News Read More

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