BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Religare maintains sell on Bharat Petroleum Corporation
BPCL reported below-expected operating performance in Q1 with gross refining margins at $6.1 per barrel. Inventory gains of Rs 1,280 crore boosted its operating profit. BPCL's valuation premium due to E&P upsides and GRMs could taper off as the company struggles to maintain market share in fuel sales.