Sell Bharat Petroleum, price target Rs 435: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a sell call on Bharat Petroleum Corporation Ltd. with a target price of Rs 435. The current price of Bharat Petroleum Corporation Ltd. is Rs 451.25. Manas Jaiswal recommended to keep a stop loss at Rs 475.

Bharat Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 99991.71 Crore) operating in Gas & Petroleum sector.

Bharat Petroleum Corporation Ltd. key Products/Revenue Segments include Petroleum Products which contributed Rs 333629.08 Crore to Sales Value (98.81 % of Total Sales), Oil Crude which contributed Rs 1842.41 Crore to Sales Value (0.54 % of Total Sales), Other Operating Revenue which contributed Rs 1238.08 Crore to Sales Value (0.36 % of Total Sales) for the year ending 31-Mar-2019.


For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 64289.50 Crore, down 15.77 % from last quarter sales of Rs 76325.39 Crore and down 11.28 % from last year same quarter sales of Rs 72466.27 Crore. Company has reported net profit after tax of Rs 1324.77 Crore in latest quarter.