Buy Bharat Petroleum Corporation, target price Rs 375: HDFC Securities

HDFC Securities has buy call on Bharat Petroleum Corporation Ltd. with a target price of Rs 375. The current market price of Bharat Petroleum Corporation is Rs 316.6.

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 68396.54 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 31-03-2022, the company reported a Consolidated Total Income of Rs 104681.93 Crore, up 9.14 % from last quarter Total Income of Rs 95914.55 Crore and up 35.32 % from last year same quarter Total Income of Rs 77356.64 Crore. Company reported net profit after tax of Rs 2454.43 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 52.98 per cent stake in the company as of 31-Mar-2022, while FIIs owned 13.69 per cent, DIIs 19.85 per cent.