Buy BPCL, target price Rs 570: Motilal Oswal

Motilal Oswal has buy call on Bharat Petroleum Corporation with a target price of Rs 570. The current market price of Bharat Petroleum Corporation Ltd. is Rs 467.15. 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 101868.11 Crore) operating in Gas & Petroleum sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 77356.64 Crore, up 15.79 % from last quarter Total Income of Rs 66809.47 Crore and up 11.47 % from last year same quarter Total Income of Rs 69398.99 Crore. Company reported net profit after tax of Rs 10206.39 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 53 per cent stake in the company , FIIs held 14.4 per cent, DIIs 24.2 per cent and public and others 8.4 per cent.