IOC

, BPCL, HPCL: Share price target of OMC stocks by Citi

Indian Oil, BPCL, HPCL Share Price Target 2025: Citi has maintained BUY rating on three leading oil refining & marketing sector stocks -- Indian Oil Corporation Ltd (IOCL), Bharat Petroleum Corporation Ltd (BPCL), Hindustan Petroleum Corporation Ltd (HPCL) and SELL rating on Oil & Natural Gas Corporation Limited (ONGC). Citi in its reported that the government has reassured investors about policy stability and no forced fuel price cuts. The brokerage said that near-term positives include expected stronger 2Q earnings, sustained government support through LPG compensation and a low risk of fuel price cuts, especially with the model code of conduct coming into effect for Bihar Assembly elections.