Bharat Petroleum Corporation Ltd News


Petrol, diesel price cut to marginally hurt marketing earnings of OMCs; JM Financial maintains ‘Sell’ on IOC, HPCL

Fuel price cuts are likely to impact the gross marketing margins (GMM) of OMCs, which analysts see GMM declining to ₹2.2 per liter on diesel and ₹3.5 per liter on petrol, resulting in blended auto-fuel GMM of ₹2.6 per liter.

2 min read15 Mar 2024

IOC, HPCL, BPCL shares baking-in high margins, steep premiums, says CLSA; retains Sell on worries over marketing margins

IOC, HPCL and BPCL shares are pricing-in much higher than historical marketing margins, a continuation of near-record refining margins and a notable premium to the global peer average EV/Ebitda multiple, CLSA said.

2 min read22 Feb 2024

Reliance, BPCL, HPCL, IOC in a multi-year re-rating and earnings upgrade cycle, says Morgan Stanley

Reliance Industries, BPCL, HPCL and IOCL are in the early days of this re-rating given tight fuel supplies and rising availability of challenged crude, foreign brokerage firm Morgan Stanley said in a report.

2 min read6 Feb 2024

BPCL share price jumps 5% after net profit grows 82% in Q3; brokerages remain mixed

BPCL rose as much as 5.1 percent to its 52-week high of ₹517.85. It has now rallied almost 65 percent from its 52-week low of ₹314.10, hit on February 28, 2023. The company reported an 82 percent year-on-year (YoY) surge in its consolidated net profit at ₹3,181.42 crore in Q3FY24.

3 min read30 Jan 2024

BPCL Q3 results: Net profit surges 82% to ₹3,181.42 crore

BPCL’s revenue from operations fell to ₹1.30 lakh crore in Q3 of FY24 from ₹1.33 lakh crore a year ago.

1 min read29 Jan 2024

Stock market today: BPCL share price trades positive ahead of Q3 results today. Buy or wait?

BPCL Q3 results today: The board of directors of the PSU company is going to consider and approve the un-audited Q3 results 2024

2 min read29 Jan 2024

Petrol and diesel prices may see hefty cut soon; all you need to know

State-run oil companies are considering slashing petrol and diesel prices by up to ₹10 per litre next month as the expected profits of ₹75,000 crore in Q3 despite falling crude oil costs.

1 min read17 Jan 2024

Buy or sell: Vaishali Parekh recommends three stocks to buy today — September 20

Buy or sell stock: Vaishali Parekh has recommended three stocks to buy today — Power Grid, BPCL and TVS Motor

1 min read20 Sep 2023

BPCL share price declines after Q1 results; what should investors do- buy or wait?

BPCL Share Price: Shares of Bharat Petroleum Corporation (BPCL) declined in early trading on BSE after the poor reaction to the company’s Q1 results. The stock has gained 17 per cent in the last year, compared to a 19 per cent gain in the Sensex.

3 min read28 Jul 2023

BPCL rights issue: Maharatna company to raise up to ₹18000 crore. Details here

BPCL rights issue: The Maharatna company has approved a rights issue to raise up to ₹18,000 crore

2 min read29 Jun 2023
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