Should you buy, sell or hold BPCL shares after oil marketing PSU posts Q3 results?
BPCL Q3 FY25 Results: Oil marketing PSU BPCL reported a 93.9 per cent sequential jump in its net profit for the October-December period. Read on to learn more about BPCL's latest report.
)
BPCL Stock Price News, Bharat Petroleum Q3 FY25 Earnings: State-run oil marketing company (OMC) Bharat Petroleum Corporation Ltd's shares faced selling pressure on Thursday, a day after the PSU reported a mixed set of results. Bharat Petroleum shares—traded with the symbol BPCL on stock exchanges BSE and NSE—gyrated between Rs 272.6 and Rs 284.7 in morning trade, last seen trading 1.5 per cent lower for the day at Rs 273.7 apiece in late morning deals.
Most brokerages maintained their positive views on BPCL shares after the OMC's Q3 results announcement, with targets implying potential upside of as much as 50.9 per cent from Wednesday's close.
BPCL Q3 Results | Profit misses, revenue meets Street estimates
After market hours on Wednesday, BPCL registered a 93.9 per cent quarter-on-quarter increase in its standalone net profit to Rs 4,649.2 crore for the October-December period.
The PSU registered an 8.1 per cent sequential rise in quarterly revenue to Rs 1,27,520.5 crore, according to a regulatory filing.
According to Zee Business research, BPCL was expected to register a third-quarter net profit of Rs 5,000 crore with revenue of Rs 1,00,072 crore. Read more on BPCL results
Should you buy, sell or hold Bharat Petroleum Corporation Ltd (BPCL) shares?
Here's how various foreign brokerages rate the public sector OMC after its earnings announcement:
Jefferies retained its 'buy' rating on BPCL but reduced its target price for the OMC stock by Rs 40 to Rs 370, indicating a 33.2 per cent upside.
Brokerage
|
Rating
|
Target Price
|
Jefferies
|
Buy
|
Revised to Rs 370 from Rs 410
|
Morgan Stanley
|
Overweight
|
Rs 419
|
JP Morgan
|
Overweight
|
Rs 417
|
Citi
|
Buy
|
Rs 390
|
Nomura
|
Buy
|
Rs 380
|
Macquarie
|
Neutral
|
Rs 315
|
Morgan Stanley continued with its 'buy' call on BPCL with a target price of Rs 419 per share.
Catch all the latest stock market updates here. For all other news, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES

SIP vs PPF: Rs 1,20,000/year investment for 30 years; which scheme can generate a higher retirement corpus

20 Stocks to Buy for Long Term: Brokerages recommend largecap, midcap, smallcap scrips; note down targets

Cheque Bounce Cases: Court imposes fine of Rs 3,03,000 and Rs 1,02,000 on two individuals; check out full details

Gratuity Calculator: What will be your gratuity on Rs 45,000 last-drawn basic salary and 6.5 years of service?

Revised New Tax Regime: How you can pay 0 income tax on Rs 14.78 lakh annual income; see expert calculations
11:54 AM IST