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HPCL Remains Motilal Oswal's Preferred Pick Among OMCs, Here's Why

The brokerage thinks that the best way to play a rangebound oil price environment with rising downside risks is OMCs, where HPCL is its preferred pick.

<div class="paragraphs"><p>HPCL currently trades at 1.6x FY26E P/B, which offers a reasonable margin of safety.</p><p>HPCL petrol pump. (Photo: Vijay Sartape/NDTV Profit)</p></div>
HPCL currently trades at 1.6x FY26E P/B, which offers a reasonable margin of safety.

HPCL petrol pump. (Photo: Vijay Sartape/NDTV Profit)

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
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