BPCL share price: Buy Bharat Petroleum Corporation, price target Rs 405: IIFL
The time period given by the analyst is Intra Day when the price of Bharat Petroleum Corporation Ltd. can achieve the set goal.
Bharat Petroleum Corporation Ltd., incorporated in 1952, is a large capitalization company (having a market capitalization of Rs 84590.01 Crore) operating in the oil and gas sector.
Major product/revenue segments of Bharat Petroleum Corporation Ltd. includes petroleum products, crude oil, other operating revenue and grants for the year ending March 31, 2021.
For the quarter ended 31-12-2021, the company reported consolidated total revenue of Rs 95914.55 Crore, down -6.51% from last quarter, total revenue of Rs 102596.50 Crore and up 43.56% compared to the same quarter last year. Total income of Rs 66809.47 Crore. The company reported a net profit after tax of Rs 2354.28 Crore in the last quarter.
The stock broke the previous swing with good volume
The promoters held 52.98% of the company’s capital as of March 31, 2022, while the FIIs held 13.69% and the DIIs 19.85%.
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