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Hold Bharat Petroleum Corporation: target of Rs 320: ICICI Direct

ICICI Direct recommended hold rating on Bharat Petroleum Corporation with a target price of Rs 320 in its research report dated August 10, 2022.

August 11, 2022 / 05:29 PM IST
 
 
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ICICI Direct's research report on Bharat Petroleum Corporation


Bharat Petroleum Corporation (BPCL) is a public sector refining & marketing company. BPCL operates more than 19000 retail outlets across the country • Petrol & diesel together constitute 63% of marketing sales in FY22.



Outlook


We maintain our HOLD rating on the stock. We value BPCL at Rs 320 i.e. average of P/BV multiple: Rs 324/share and P/E multiple: Rs 316/share.

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Bharat Petroleum Corporation - 100822 -ic

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first published: Aug 11, 2022 05:29 pm
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