Gas price rise to boost Reliance, ONGC & OIL: Morgan Stanley

Gas price hikes will significantly raise earnings prospects for ONGC and Oil India while adding another pillar to the earnings upgrade cycle for Reliance Industries, said Morgan Stanley. India's gas prices have been raised by 61-69%, reversing three years of decline, which should ease investor concerns about government intervention, the firm said.

via Economictimes

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