JM Financial has issued a “buy” call on Bharat Petroleum Corporation, setting a target price of Rs 400. Currently, the market price of Bharat Petroleum Corporation is Rs 339.3.
Bharat Petroleum Corporation Ltd., founded in the year 1952, is a large-cap company with a market capitalization of Rs 73,624.44 Crore, and it operates in the Gas & Petroleum sector.
Key Products/Revenue Segments for Bharat Petroleum Corporation Ltd. include Petroleum Products, Oil Crude, Other Operating Revenue, and Subsidy for the fiscal year ending on March 31, 2022.
In terms of financials, for the quarter ending on June 30, 2023, the company reported a consolidated total income of Rs 1,28,825.25 Crore. This represents an increase of 8.62% from the total income of Rs 1,18,598.49 Crore in the previous quarter and an increase of 6.11% from the total income of Rs 1,21,411.07 Crore in the same quarter of the previous year. The company reported a net profit after tax of Rs 10,167.67 Crore in the latest quarter.
As of June 30, 2023, the promoters held a 52.98% stake in the company, while foreign institutional investors (FIIs) owned 12.55%, and domestic institutional investors (DIIs) held 23.07%.
Investors may consider this “buy” call from JM Financial when evaluating their investment decisions. The target price of Rs 400 suggests potential growth for Bharat Petroleum Corporation in the future. However, it’s important to conduct thorough research and consider your own financial goals and risk tolerance before making any investment decisions.
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