IOC, BPCL to HPCL: PSU oil stocks show resilience against rising crude oil prices
The losses in oil PSU stocks were capped as oil prices remained below $100 per barrel and mixed signals on the US-Iran war front. With these oil PSU stocks already down 16-22% from pre-war levels, analysts also believe the worst seems already priced in.
The losses in oil PSU stocks were capped as oil prices remained below $100 per barrel and mixed signals on the US-Iran war front. With these oil PSU stocks already down 16-22% from pre-war levels, analysts also believe the worst seems already priced in.
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