Site icon News Bit

Buy Bharat Petroleum Corporation, target price Rs 370: Kotak Securities

Kotak Securities has buy call on Bharat Petroleum Corporation with a target price of Rs 370. The current market price of Bharat Petroleum Corporation is Rs 363.8. Time period given by analyst is Intra Day when Bharat Petroleum Corporation Ltd. price can reach defined target.

Bharat Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 77952.10 Crore) operating in Gas & Petroleum sector.

Bharat Petroleum Corporation Ltd. key Products/Revenue Segments include Petroleum Products, Oil Crude, Other Operating Revenue, Subsidy for the year ending 31-Mar-2021.

Financials

For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 95914.55 Crore, down -6.51 % from last quarter Total Income of Rs 102596.50 Crore and up 43.56 % from last year same quarter Total Income of Rs 66809.47 Crore. Company reported net profit after tax of Rs 2354.28 Crore in latest quarter.

Investment Rationale
Trading in a range-bound mode and currently, it is available near the lower boundary of the range.


Promoter/FII Holdings
Promoters held 52.98 per cent stake in the company as of 31-Dec-2021, while FIIs owned 12.66 per cent, DIIs 21.13 per cent.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.

For all the latest Business News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – abuse@newsbit.us. The content will be deleted within 24 hours.
Exit mobile version