omc stocks: Kotak Equities retains sell rating on HPCL, IOC & BPCL, estimates up to 33% slide : vimarsana.com

Kotak Institutional Equities expressed concerns over OMCs' capex plans due to limited pricing freedom. Government's petrol and diesel price cut, along with rising crude oil prices, may impact energy stocks like HPCL, IOC, and BPCL.

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