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.
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.