Jitender Kumar of SBI Cap Securities told CNBC-TV18, “ONGC is my top pick and second pick is BPCL. The way crude is falling and BPCL is staying above Rs 400 and recently broke about Rs 420 also. This would be a big longer term call, this is not a trading call. For BPCL one can look atleast for a target of Rs 440-450 levels.”
BPCL touched its 52-week high Rs 449 and 52-week low Rs 322.80 on 21 January, 2013 and 26 November, 2012, respectively. Currently, it is trading 6.83 percent below its 52-week high and 29.6 percent above its 52-week low. Market capitalisation stands at Rs 30,250.23 crore.
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