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Motilal Oswal has buy call on Bharat Petroleum Corporation with a target price of Rs 615. The current market price of Bharat Petroleum Corporation Ltd. is Rs 460.05. Time period given by analyst is one year 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 99937.47 Crore) operating in Gas & Petroleum sector.

For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 71365.44 Crore, down -7.74 % from last quarter Total Income of Rs 77356.64 Crore and up 85.19 % from last year same quarter Total Income of Rs 38536.24 Crore. Company reported net profit after tax of Rs 2611.99 Crore in latest quarter.

Investment Rationale
The final dividend of INR58/share for FY21 would be taken up for approval by the shareholders at the AGM on 27th Sep’21. The stock trades at 1.8x FY23 PBV.

Promoter/FII Holdings
Promoters held 53 per cent stake in the company as of June 30, 2021, while FIIs held 13 per cent, DIIs 23.2 per cent and public and others 10.9 per cent.

(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.


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