BPCL, HPCL, IOC in focus: Morgan Stanley sees a 3-year refining upswing
- Posted on October 6, 2026
- By Financial Express
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- 1 min read
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BPCL, HPCL, IOC in focus: Morgan Stanley sees a 3-year refining upswing
Morgan Stanley sees a three-year refining upcycle ahead, with BPCL and HPCL emerging as preferred oil stocks as margins and fuel demand improve.