Deutsche Bank raises India's HPCL on valuations
* The bank says HPCL is trading at 0.75 time of its expected book value for FY14 versus a range of 0.6-1.4 times over the past three years.
* Deutsche says it may turn more positive on the stock in the event of a significant fall in oil price.
* HPCL shares were down 0.5 per cent as of 5.41 am GMT.
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