Earnings Upgrade Unlikely Soon for Oil PSUs: Prabhudas Lilladher

  • 13:43
  • Published On: October 20, 2014
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R Sreesankar, head of institutional equities at Prabhudas Lilladher, told NDTV that deregulation of diesel will reduce the borrowing of oil marketing companies (OMCs) as under-recoveries of these companies will reduce. But this would not result in immediate earnings upgrade for OMCs, he added.

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