Do you have Bharat Petroleum Corp Ltd (BPCL) shares in your portfolio? Here's what analysts make of the OMC stock.
The brokerage has kept a target of Rs 380 for the PSU OMC stock.
The brokerage believes that oil marketing companies are in a sweet spot, opening a 90-day positive catalyst watch on BPCL.
A trend of soft GRMs, weak marketing margins and subdued Q1 results appears to be reversing in OMCs, according to the brokerage.
The brokerage expects the integrated margins of OMCs to improve sharply over the Q1FY25-Q3FY25 period.