Earnings Upgrade Unlikely Soon for Oil PSUs: Prabhudas Lilladher
R Sreesankar, head of institutional equities at Prabhudas Lilladher, told NDTV that deregulation of diesel will reduce the borrowing of oil marketing companies (OMCs) as under-recoveries of these companies will reduce. But this would not result in immediate earnings upgrade for OMCs, he added.
