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Go long in BPCL: Bhavin Desai

Bhavin Desai of Motilal Oswal Securities is of the view that one can go long in Bharat Petroleum Corporation.

December 08, 2015 / 10:48 IST
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Bhavin Desai of Motilal Oswal Securities told CNBC-TV18, "Bharat Petroleum Corporation (BPCL) has been in a fair bit of uptrend and despite of all the volatility and all the fundamental reasons of why this entire move should fissile out there is enough legs into the stock to actually head further. Considering the price at which we have, something like a stop loss of Rs 900 can actually work out well for a long trade." At 10:43 hrs Bharat Petroleum Corporation was quoting at Rs 917.00, up Rs 6.85, or 0.75 percent. It has touched an intraday high of Rs 923.20 and an intraday low of Rs 911.30.

first published: Dec 8, 2015 10:48 am

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