HPCL to Gain Most From Diesel Deregulation: Jefferies

Hindustan Petroleum Corp is likely to benefit most from diesel deregulation, said Jefferies on Monday, raising its target price to Rs 640 from Rs 570.

Government on Saturday lifted diesel price controls and raised the cost of natural gas. Jefferies said HPCL's earnings from diesel deregulation may double over FY14.

Copyright: Thomson Reuters 2014

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