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Buy BPCL, advises Rahul Mohindar

Rahul Mohindar of viratechindia.com is of the view that one can buy Bharat Petroleum Corporation with a target of Rs 805.

March 18, 2015 / 15:41 IST
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Rahul Mohindar of viratechindia.com told CNBC-TV18, "Bharat Petroleum Corporation (BPCL) looks like a breakout today. We have seen a fairly good upmove and this is going to last a bit more, so for short-term trading, Rs 805 is a reasonably good target to be trading in for with a stop loss at Rs 760. One could buy at current level."

The company's trailing 12-month (TTM) EPS was at Rs 87.13 per share. (Dec, 2014). The stock's price-to-earnings (P/E) ratio was 8.89. The latest book value of the company is Rs 269.11 per share. At current value, the price-to-book value of the company was 2.88. The dividend yield of the company was 2.19 percent.

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first published: Mar 18, 2015 03:34 pm

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