What to do with BPCL shares? Analysts weigh in

ZeeBiz WebTeam

Aug 20,2024

What to do with BPCL shares? 

Do you have Bharat Petroleum Corp Ltd (BPCL) shares in your portfolio? Here's what analysts make of the OMC stock.

Citi maintains 'buy' rating

The brokerage has kept a target of Rs 380 for the PSU OMC stock. 

OMCs in sweet spot: Citi

The brokerage believes that oil marketing companies are in a sweet spot, opening a 90-day positive catalyst watch on BPCL.

17-37% surge in OMCs YTD

A trend of soft GRMs, weak marketing margins and subdued Q1 results appears to be reversing in OMCs, according to the brokerage. 

Integrated margins poised to improve

The brokerage expects the integrated margins of OMCs to improve sharply over the Q1FY25-Q3FY25 period. 

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