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Buy BPCL. target Rs 455: CK Narayan

Buy Bharat Petroleum Corporation Ltd. at a price target of Rs 455.0 and a stoploss at Rs 440 from entry point.

ETMarkets.com|
Updated: Sep 24, 2019, 09.03 AM IST
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CK Narayan of Chart Advise has a buy call on Bharat Petroleum Corporation Ltd. with a target price of Rs 455. The current market price of Bharat Petroleum Corporation Ltd. is Rs 454.3. Time period given by the analyst is Intra Day when Bharat Petroleum Corporation Ltd. price can reach the defined target. CK Narayan recommended to keep stoploss at Rs 440. Bharat Petroleum Corporation Ltd., incorporated in 1952, has a market cap of Rs 98549.15 crore.
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), Subsidy which contributed Rs 912.96 Crore to Sales Value (0.27 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 76325.39 Crore, up 2.63 % from last quarter Sales of Rs 74367.18 Crore and up 6.30 % from last year same quarter Sales of Rs 71805.07 Crore Company has reported net profit after tax of Rs 1406.45 Crore in latest quarter. The company’s top management includes Dr.K Ellangovan, Mr.Arun Kumar Singh, Mr.D Rajkumar, Mr.Harshad P Shah, Mr.K Padmakar, Mr.N Vijayagopal, Mr.R Ramachandran, Mr.Rajesh K Mangal, Mr.Rajiv Bansal, Mr.Vinay Sheel Oberoi, Mr.Vishal V Sharma, Mrs.J M Shanti Sundharam. Company has CVK & Associates as its auditoRs As on 30-06-2019, the company has a total of 2,169,252,744 shares outstanding.

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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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