Probal Sen suggests a ‘wait and watch’ approach regarding the impact of geopolitical turmoil on crude price estimates. While current market fundamentals appear bearish, escalation risks, particularly concerning the Strait of Hormuz, could significantly impact India’s oil and LNG imports. Despite potential short-term margin pressures on OMCs, valuations remain attractive, with stocks trading at compelling forward earnings multiples.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets