BPCL Share price: Jefferies says BUY, pegs target price at Rs 520
BPCL Share Price: Jefferies prefers HPCL over BPCL on favourable valuation but maintains a Buy rating on BPCL with a slightly higher price target of Rs 520 (from Rs 500) helped by a roll-over to FY23. The petroleum refinery company has reported a 330% QoQ rise in the profit at Rs 11940 cr for the quarter ended March 31, 2021 (Q4FY21). It had reported a profit of Rs 2777.6 cr in the previous quarter ended December 31, 2021 (Q3FY21). Revenue grew 15.2% to Rs 76882 cr in the reported quarter as compared to Rs 66,731.4 crore posted in the previous quarter
BPCL has declared a dividend of Rs 58 per share, this includes a special dividend of Rs 35 per share. Zee Business has told you first what to expect on the front of dividend: Reuters