Nomura expects Q2 recovery for India OMCs; reiterates IOCL, BPCL
Nomura expects a sharp Q2 earnings recovery for oil marketing companies despite crude oil prices breaching $100 a barrel, and keeps 'Buy' ratings on Indian Oil Corporation (IOCL) and Bharat Petroleum Corporation (BPCL).
This is a real-time flash headline. A verified provider body is not available, so SquawkNews does not present it as a full article.