Nomura downgrades HPCL after Rs 16,100 crore EBITDA loss: Why is the recovery delayed?
- Posted on July 28, 2026
- By Financial Express
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- 1 min read
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Nomura downgrades HPCL after Rs 16,100 crore EBITDA loss: Why is the recovery delayed?
Nomura cuts HPCL target to Rs 420 after a Rs 16,100 crore EBITDA loss, citing fuel under-recoveries and debt; see why recovery may lag.
