Buy Bharat Petroleum Corporation, target price Rs 360: Kotak Securities

Kotak Securities has buy call on Bharat Petroleum Corporation with a target price of Rs 360. The current market price of Bharat Petroleum Corporation is Rs 352.35. Time period given by analyst is Intra Day when Bharat Petroleum Corporation 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 75706.92 Crore) operating in Gas & Petroleum sector.

Bharat Petroleum Corporation Ltd. key Products/Revenue Segments include Petroleum Products, Oil Crude, Other Operating Revenue, Subsidy for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 95914.55 Crore, down -6.51 % from last quarter Total Income of Rs 102596.50 Crore and up 43.56 % from last year same quarter Total Income of Rs 66809.47 Crore. Company reported net profit after tax of Rs 2354.28 Crore in latest quarter.

Investment Rationale
Trend line breakout post reversal from important support zone suggests a fresh leg of upmove

Promoter/FII Holdings
Promoters held 52.98 per cent stake in the company as of 31-Dec-2021, while FIIs owned 12.66 per cent, DIIs 21.13 per cent.