Gaurang Shah of Geojit BNP Paribas Financial Services told CNBC-TV18, "I would request the investor to extend the time horizon to maybe a year because very soon you will have the supply glut from Iran coming in both in terms of natural gas and crude oil and Iran happens to be the second largest producer of natural gas, fourth largest producer of crude oil and by the virtue of that you are going to see further lower levels on international crude oil prices in dollar terms and that is going to be a huge positive.""We have a positive coverage on Bharat Petroleum Corporation (BPCL); Rs 990 is the target with one year plus time horizon," he added.
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