BPCL, IOCL, HPCL Upgraded From Add To Buy By Avendus Capital, Know The Triggers Here

India imports 85 per cent of its crude oil requirements. At present, the price of crude oil has come down below 75 dollars. Avendus Capital said in its report that companies like BPCL, Indian Oil and HPCL would benefit greatly from this. On the basis of sequence, the company has selected first Bharat Petroleum, then Indian Oil and finally Hindustan Petroleum for investment.