Buy Bharat Petroleum Corporation, price target Rs 492: Kunal Bothra

Kunal Bothra has a buy call on Bharat Petroleum Corporation Ltd. with a target price of Rs 492.0 . The current price of Bharat Petroleum Corporation Ltd. is Rs 470.7 . Kunal Bothra recommended to keep a stoploss at Rs 460 .

Bharat Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 102106.73 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 31-12-2019, the company has reported a Consolidated sales of Rs 74959.18 Crore, up 16.60 % from last quarter Sales of Rs 64289.50 Crore and down -5.95 % from last year same quarter Sales of Rs 79698.52 Crore Company has reported net profit after tax of Rs 1616.49 Crore in latest quarter.

The company’s top management includes Dr.K Ellangovan, Mr.Vishal V Sharma, Mr.Vinay Sheel Oberoi, Mr.S Ramesh, Mr.Rajiv Bansal, Mr.Rajesh K Mangal, Mr.R Ramachandran, Mr.K Padmakar, Mr.Gopal C Nanda, Mr.Deepak Bhojwani, Mr.D Rajkumar, Dr.Tamilisai Soundararajan, Mrs.J M Shanti Sundharam. Company has Borkar & Muzumdar as its auditors As on 31-12-2019, the company has a total of 2,169,252,744 shares outstanding.