BPCL, HPCL, IOC slip as CS initiates coverage with 'Underperform'

INSUBCONTINENT EXCLUSIVE:
Credit Suisse: BPCL, HPCL, IOC slip as CS initiates coverage with 'Underperform' - The TheIndianSubcontinentNever miss a great news
story!Get instant notifications from TheIndianSubcontinentAllowNot nowYou can switch off notifications anytime using browser settings.Stock
Analysis, IPO, Mutual Funds, Bonds - MoreCredit Suisse has set target price of Rs 300 for BPCL and Rs 250 for HPCL
ETMarkets.com|Updated: Jul 24, 2019, 10.29 AM ISTReutersThe global financial services firm expects marketing volume growth to slow down amid
heavy capex cycle ahead for OMCs.Shares of Bharat Petroleum Corporation (BPCL), Hindustan Petroleum Corporation (HPCL) and Indian Oil
Corporation (IOC) plunged up to 4 per cent in early trade on Wednesday after Credit Suisse initiated coverage on oil marketing companies
OMCs. Credit Suisse has set target price of Rs 300 for BPCL and Rs 250 for HPCL
Shares of BPCL declined as much as 3.94 per cent to Rs 345 in early trade, while HPCL and IOC were down 4.61 per cent and 1.50 per cent,
respectively. Commenting feature is disabled in your country/region.Browse CompaniesABCDEFGHIJKLMNOPQRSTUVWXYZ|123456789To see your saved
stories, click on link hightlighted in bold