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Oil marketing companies extend losses after CLSA cuts target price

Updated : April 20, 2018 03:24 PM IST

The Indian oil marketing companies are currently making huge losses in today's market session.
CLSA, ratings agency, cut the target price on IOC, BPCL and HPCL between 16% and 20%.
Even though the crude oil prices hit a new after 2014 today, it seems to have no positive impact on the oil firms.
Oil marketing companies extend losses after CLSA cuts target price
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