Avoid BPCL, HPCL, IOC: Lancelot D'Cunha
Lancelot D'Cunha, CEO of ITI Wealth Management, said the government has the power to regulate fuel prices or introduce new duties which can reduce their profits. Government policies can change the financials or valuations of the oil retailers and their valuations are also very high after the recent run-up in their shares, he added.
