HPCL, BPCL, IOC shares get an upgrade from Goldman Sachs; check new price targets

HPCL’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) to grow at a Compounded Annual Growth Rate (CAGR) of 40% over financial year 2025-2027, Goldman Sachs said, while BPCL’s free cash flow yield is likely to be at 10% in the next financial year.