RIL, ONGC, Oil India, BPCL, HPCL, IOC, GAIL, IGL, MGL: PL revises share price targets ahead of Q3 results

PL has maintained its ‘SELL’ rating on HPCL with a revised target of Rs 276 against Rs 272 earlier. It downgraded ratings on BPCL and IOC Ltd from 'Reduce' to ‘Sell’, valuing them at 1 time FY26 PBV and 0.7 times FY26 PBV, respectively.

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