New Delhi: The entire Market, Investors and Media are waiting with bated breadth for the leading Indian downstream major Indian Oil to announce the annual results. Just as everyone awaits some goodies during Diwali the entire Indian Oil family is looking forward to the declarations. Shareholders are hedging their bets and the market will get a huge boost if postive results get communicated.The indications given all year round by MoP&NG and Govt. of India should certainly beget good news.
This time round, the declaration has special significance due to the expected release of Subsidy, to the company, against the under recoveries, by the Govt. of India. It is expected that the Ministry of Finance, which essentially holds the purse strings, will smile on this significant PSE.
The clouds of war and uncertainty has added far greater significance to the entire exercise. Expectedly, meetings are scheduled all day long and hectic parlances are in store. Only time will tell which way the ball will swing.
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