HPCL to gain most from diesel deregulation - Jefferies

Reuters Market Eye - Hindustan Petroleum Corp likely to benefit most, says Jefferies, raising its target price to 640 rupees from 570 rupees.

Government on Saturday lifted diesel price controls and raised the cost of natural gas.

Jefferies says HPCL's earnings from diesel deregulation may double over FY14.

(Reporting by Abhishek Vishnoi)