Buy Bharat Petroleum Corporation, target Rs 414: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Bharat Petroleum Corporation Ltd. with a target price of Rs 414. The current market price of Bharat Petroleum Corporation Ltd. is Rs 395.9. Time period given by the analyst is Intra Day when Bharat Petroleum Corporation Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 388 Bharat Petroleum Corporation Ltd., incorporated in 1952, is a largecap company with a market cap of Rs 85880.72 crore.

Bharat Petroleum Corporation Ltd. key Products/Revenue Segments include Petroleum Products which contributed Rs 237263.46 Crore to Sales Value (98.02 % of Total Sales), Oil Crude which contributed Rs 3423.19 Crore to Sales Value (1.41 % of Total Sales), Subsidy which contributed Rs 1172.83 Crore to Sales Value (0.48 % of Total Sales), Other Operating Revenue which contributed Rs 188.34 Crore to Sales Value (0.07 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 31-03-2018, the company has reported a Standalone sales of Rs 65239.31 Crore, up 7.63 % from last quarter Sales of Rs 60616.36 Crore and up 14.38 % from last year same quarter Sales of Rs 57036.48 Crore Company has reported net profit after tax of Rs 2673.64 Crore in latest quarter. The company’s top management includes Dr.K Ellangovan, Dr.Tamilisai Soundararajan, Mr.D Rajkumar, Mr.Deepak Bhojwani, Mr.Gopal C Nanda, Mr.K Padmakar, Mr.R Ramachandran, Mr.Rajesh K Mangal, Mr.Rajiv Bansal, Mr.S Ramesh, Mr.Vinay Sheel Oberoi, Mr.Vishal V Sharma, Mrs.J M Shanti Sundharam. Company has CVK & Associates as its auditoRs As on 30-06-2018, the company has a total of 2,169,252,744 shares outstanding.