Shares of HPCL, BPCL, and IOC have corrected by 5–10% over the past month and have underperformed their upstream peer ONGC by 10–15% over the last two to three months. Citi views this correction as an attractive buying opportunity.
Shares of HPCL, BPCL, and IOC have corrected by 5–10% over the past month and have underperformed their upstream peer ONGC by 10–15% over the last two to three months. Citi views this correction as an attractive buying opportunity.