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Research Report Detail
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Deutsche Bank Maintains Outperform on BPCL
Deutsche Bank has maintained its outperform rating on Bharat Petroleum and has raised its target price to Rs 1,100 per share. The brokerage says that lower oil prices means better marketing margins for BPCL and Q1 results for OMCs will be strong led by refining margins. Auto fuel margins will expand from here on, Deutsche Bank adds.