Buy Bharat Petroleum Corporation, target price Rs 597: Anand Rathi

Anand Rathi has buy call on Bharat Petroleum Corporation with a target price of Rs 597. The current market price of Bharat Petroleum Corporation is Rs 443.45.

Bharat Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 96076.20 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-2022.



Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 103719.98 Crore, down -8.65 % from last quarter Total Income of Rs 113546.48 Crore and down -9.94 % from last year same quarter Total Income of Rs 115167.14 Crore. Company reported net profit after tax of Rs 7943.48 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 52.98 per cent stake in the company as of 30-Sep-2023, while FIIs owned 13.01 per cent, DIIs 22.51 per cent.