Goldman Sachs has upgraded HPCL and BPCL to ‘buy’ and IOC to ‘neutral’, citing an improved outlook for oil marketing companies in FY26 and FY27. The prediction of capped crude oil prices and higher Russian crude discounts suggests enhanced financial performance for these companies. Goldman Sachs has upgraded HPCL and BPCL to ‘buy’ and IOC to ‘neutral’, citing an improved outlook for oil marketing companies in FY26 and FY27. The prediction of capped crude oil prices and higher Russian crude discounts suggests enhanced financial performance for these companies. Economic Times
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