Buy BPCL, target price Rs 410: JM Financial

JM Financial has given a buy rating to BPCL with a target price of Rs 410. The share price moved up by 0.32 per cent from its previous close of Rs 346.40. The stock’s last traded price is Rs 347.50.

Bharat Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 75283.92 Crore) operating in Gas & Petroleum sector.

Financials
For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 37999.25 Crore, down 44.93 % from last quarter Sales of Rs 68997.83 Crore and down 50.21 % from last year same quarter Sales of Rs 76325.39 Crore. The Company reported net profit after tax of Rs 2139.95 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 53 per cent stake in the company as of March 31, 2020, while FIIs held 12.3 per cent, DIIs 19.6 per cent and public and others 15.1 per cent.