Buy Bharat Petroleum Corporation, target price Rs 510: Emkay Global

Emkay Global has buy call on Bharat Petroleum Corporation with a target price of Rs 510. The current market price of Bharat Petroleum Corporation is Rs 377.45.

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 81639.83 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 30-09-2021, the company reported a Consolidated Total Income of Rs 102596.50 Crore, up 43.76 % from last quarter Total Income of Rs 71365.44 Crore and up 106.38 % from last year same quarter Total Income of Rs 49713.32 Crore. Company reported net profit after tax of Rs 2725.07 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 52.98 per cent stake in the company as of 30-Sep-2021, while FIIs owned 11.97 per cent, DIIs 21.72 per cent.