Buy Bharat Petroleum Corporation, target price Rs 420 : ICICI Securities

Buy Bharat Petroleum Corporation, target price Rs 420 : ICICI Securities
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Synopsis

Promoters held 52.98 per cent stake in the company as of 30-Sep-2022, while FIIs owned 13.17 per cent, DIIs 20.89 per cent.

​Bharat Petroleum Corporation
Bharat Petroleum Corporation, incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 74220.98 Crore) operating in Gas & Petroleum sector.
has buy call on Bharat Petroleum Corporation with a target price of Rs 420. The current market price of Bharat Petroleum Corporation is Rs 343.85.

Bharat Petroleum Corporation, incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 74220.98 Crore) operating in Gas & Petroleum sector.

Bharat Petroleum Corporation key Products/Revenue Segments include Petroleum Products, Oil Crude, Other Operating Revenue, Subsidy for the year ending 31-Mar-2022.

Financials
For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 115167.14 Crore, down -5.14 % from last quarter Total Income of Rs 121411.07 Crore and up 12.25 % from last year same quarter Total Income of Rs 102596.50 Crore. Company has reported net profit after tax of Rs -834.73 Crore in latest quarter.

The company’s top management includes Mr.Arun Kumar Singh, Mr.Gudey Srinivas, Mr.Gopal Krishna Agarwal, Mr.Ghanshyam Sher, Prof. (Dr)Bhagwati Prasad Saraswat, Dr.(Mrs.)Aiswarya Biswal, Mr.Pradeep Agrawal, Mr.Sanjay Khanna, Mr.Vetsa Ramakrishna Gupta, Mr.Suman Billa. Company has CVK & Associates as its auditors. As on 30-09-2022, the company has a total of 217 Crore shares outstanding.

Promoter/FII Holdings
Promoters held 52.98 per cent stake in the company as of 30-Sep-2022, while FIIs owned 13.17 per cent, DIIs 20.89 per cent.
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