Religare Securities has buy call on Bharat Petroleum Corporation with a target price of Rs 395. The current market price of Bharat Petroleum Corporation is Rs 374.5. Religare Securities recommended to keep stop loss at Rs 358.
Bharat Petroleum Corporation, incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 81433.75 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 31-03-2023, the company has reported a Consolidated Total Income of Rs 118598.49 Crore, down -.76 % from last quarter Total Income of Rs 119508.70 Crore and up 13.29 % from last year same quarter Total Income of Rs 104681.93 Crore. Company has reported net profit after tax of Rs 5834.42 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 31-03-2023, the company has a total of 217 Crore shares outstanding.
Gradual up move in OMCs. Formed a fresh buying pivot around 20 EMA.
Promoter/FII Holdings
Promoters held 52.98 per cent stake in the company as of 31-Mar-2023, while FIIs owned 12.57 per cent, DIIs 22.58 per cent.
Bharat Petroleum Corporation, incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 81433.75 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 31-03-2023, the company has reported a Consolidated Total Income of Rs 118598.49 Crore, down -.76 % from last quarter Total Income of Rs 119508.70 Crore and up 13.29 % from last year same quarter Total Income of Rs 104681.93 Crore. Company has reported net profit after tax of Rs 5834.42 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 31-03-2023, the company has a total of 217 Crore shares outstanding.
Investment Rationale
Gradual up move in OMCs. Formed a fresh buying pivot around 20 EMA.
Promoter/FII Holdings
Promoters held 52.98 per cent stake in the company as of 31-Mar-2023, while FIIs owned 12.57 per cent, DIIs 22.58 per cent.
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