Bharat Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 86683.34 Crore) operating in Gas & Petroleum sector.
Promoters held 53 per cent stake in the company as of Sept 30, 2020, while FIIs held 12 per cent, DIIs 20.6 per cent and public and others 14.5 per cent.
Emkay Global has buy call on Bharat Petroleum Corporation with a target price of Rs 490. The current market price of Bharat Petroleum Corporation is Rs 397.55 .
Bharat Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 86683.34 Crore) operating in Gas & Petroleum sector.
Financials For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 49408.60 Crore, up 30.03 % from last quarter Sales of Rs 37999.25 Crore and down -23.15 % from last year same quarter Sales of Rs 64289.50 Crore. Company reported net profit after tax of Rs 2671.57 Crore in latest quarter.
Investment Rationale The brokerage maintains estimates and core business valuation, though the TP is up from Rs 480 to Rs 490 due to the higher value of listed investments
Promoter/FII Holdings Promoters held 53 per cent stake in the company as of Sept 30, 2020, while FIIs held 12 per cent, DIIs 20.6 per cent and public and others 14.5 per cent.
