Higher LPG compensation is positive for OMCs, says JM Financial; upgrades IOCL to 'Hold' on fair valuations

According to domestic brokerage firm, JM Financial, the approved LPG compensation is a significant positive for OMCs, as it exceeds the consensus expectation of ₹10,000–15,000 crore and also upgraded its rating on IOCL to hold from sell, citing reasonable valuations. 

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