Morgan Stanley Calls 'Golden Age' for Asian Refiners, Lifts Targets on HPCL, BPCL, IOC

Tier-1 broker declares structurally elevated refining margins driven by lagging capacity additions and post-Ukraine trade flow shifts; Indian OMCs seen as dual beneficiaries of refining and marketing margin uplift.

ndtv-profit-business · 7/15/2026, 5:04:20 AM · Ask about this →