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Fuel-price:- Goldman, Citigroup downgrade oil retailers IOC, BPCL, HPCL

testing The imposition of price controls is an 'unequivocal negative' that underscores 'high political risk' associated with state-owned enterprises: Citigroup

  1/1   test Fuel-pricecut GoldmanSachsGroupInc.andCitigroupGlobalMarketsInc.downgradedthestocksofIndia’sstate-runfuelretailersafterthegovernmentonThursdayaskedthemtosubsidizeretailfuelprices. CitigroupdowngradedBharatPetroleumCorpLtd.,HindustanPetroleumCorpLtd.andIndianOilCorpLtd.tosell,whileGoldmanSachsloweredthefirsttwocompaniestosell,afterthegovernmentcuttheexcise ...