Prayesh Jain, analyst at IIFL told CNBC-TV18, "Bharat Petroleum Corporation (BPCL) has been our top pick for pretty long period of time. It is the best company or best oil marketing company (OMC) in terms of financial management as well as operational performance and along with it has prolific exploration and production (E&P) portfolio and especially in Mozambique where Anadarko has raised the reserve estimates, that would add substantial value to BPCL from FY18 in terms of revenue and earnings. So, although it is a long drawn but there is more value to come from the blogs like Brazil as well. So, BPCL remains our top pick there."
At 14:59 hrs Bharat Petroleum Corporation was quoting at Rs 414.60, down Rs 4.15, or 0.99 percent. It has touched an intraday high of Rs 423.55 and an intraday low of Rs 411.85.
The share touched its 52-week high Rs 428.45 and 52-week low Rs 256 on 16 May, 2013 and 06 August, 2013, respectively. Currently, it is trading 3.23 percent below its 52-week high and 61.95 percent above its 52-week low. Market capitalisation stands at Rs 29,979.07 crore.
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