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Hold Bharat Petroleum Corporation; target of Rs 380: ICICI Direct

ICICI Direct recommended hold rating on Bharat Petroleum Corporation with a target price of Rs 380 in its research report date January 31, 2023.

February 02, 2023 / 03:31 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 constituted 63% of marketing sales in FY22.


We maintain our HOLD rating on the stock. We value BPCL at Rs 380 i.e. average of P/BV multiple: Rs 400/share and P/E multiple: Rs 360/share.

For all recommendations report, click here

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Bharat Petroleum Corporation - 01 -01-2023 - ic

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first published: Feb 2, 2023 02:23 pm