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Earnings Upgrade Unlikely Soon for Oil PSUs: Prabhudas Lilladher

PUBLISHED ON: October 20, 2014 | Duration: 13 min, 43 sec

  
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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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