Stocks To Buy: HPCL, BPCL, IOC shares can rise another 31%, Morgan Stanley projects
Morgan Stanley expects the free cash flow generated by HPCL, BPCL and Indian Oil to be at least one-third of their current market cap over the next three years cumulatively after having made over $20 billion in investments by 2027. It expects half of that free cash flow to be distributed to shareholders.
Morgan Stanley expects the free cash flow generated by HPCL, BPCL and Indian Oil to be at least one-third of their current market cap over the next three years cumulatively after having made over $20 billion in investments by 2027. It expects half of that free cash flow to be distributed to shareholders.
What's Your Reaction?
:max_bytes(150000):strip_icc()/GettyImages-2187410260-5afe56694791404f99c253dd8d5abe6a.jpg?#)
