Pranitha Shetty News Today

The brokerage said Deepak Nitrite is in the midst of its largest investment cycle, transitioning into Indias largest, integrated phenolics producer.

Stocks of Hindustan Petroleum Corporation Limited (HPCL), Bharat Petroleum Corporation Limited (BPCL) and Indian Oil Corporation Limited (IOCL) have more headroom left despite the sharp run in the last few weeks, suggests a recent report from Morgan Stanley. Stocks of these oil refining and marketing companies (OMCs), it believes, are seeing multiples re-rate as investors reassess long-term growth prospects. IOCL trades at one year forward P/BV of 1.2x, 19 per cent below +1 standard deviation (S...