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.
The benchmark index maintained its optimism and hit fresh highs owing to ease in Red Sea issue and reversal of FII inflows, Vinod Nair, Head of Research at Geojit Financial Services, said on
A resilient demand growth amid sufficient new supply will keep the crude oil prices firm, the Motilal Oswal report said while conceding supply delays are not ruled out.
By 9.30 am, Sensex was trading 314.93 point, or 0.48 per cent lower at 65,513.48, and Nifty 50 was down 111.35 points, or 0.57 per cent lower at 19,526.95.