When it comes to looking for stock market investment ideas, broker recommendations can be a useful starting point. These city experts usually know the companies they cover inside out, so their views can be valuable. They’re even more valuable when you consider the big picture of all the analysts covering a stock.
Take Bharat Petroleum (NSI: BPCL) as an example. The company’s shares are up 4.97% last month and are currently trading at 419.35. But what do the analysts who cover the company think?
Based on broker consensus, there might be reason to believe that the positive recent trend will continue. In terms of trading recommendations, Bharat Petroleum currently has:
This suggests that analysts are generally optimistic about the outlook.
At the current price of 419.35, shares of Bharat Petroleum are trading at a discount of -15.2% on the 52-week high price. The 1-year performance of the shares was -14.5%.
While analyst forecasting can be a useful guide to what City pundits think of a stock’s near-term future, it can be unreliable. To get a better idea of Bharat Petroleum’s strengths and weaknesses, it is worth doing your own research. In fact, we have identified some problem areas for Bharat Petroleum that you can learn about here.
Alternatively, if you want to find more stocks that analysts are bullish on, this Positive Momentum & amp; Broker buys screen.
Is BPCL a Good Stock to Buy?
Jefferies has given Bharat Petroleum Corporation a buy rating with a price target of Rs 500. … The last traded price of the stock is Rs 381.95. Bharat Petroleum Corporation Ltd., founded in 1952, is a large-cap company (with a market capitalization of Rs.84091.08) operating in Gas & amp; Petroleum sector.
Which stock is best to buy now?
|Company name||CREATE DATE / TIME||TARGET PRICE|
|UPL||January 16, 2020 12:47 p.m.||Goal 596-600|
|Sun Pharma.Inds.||January 16, 2020 12:47 p.m.||Objective 460-462|
|Kotak Mah. Bank||January 16, 2020 12:47 p.m.||Goal 1706-1710|
Will BPCL be privatized?
The government sells its entire 53 percent stake along with management control to BPCL. … The privatization of BPCL is part of plans to generate a record Rs.2.1 billion from divestment proceeds in 2020-21 (April 2020 to March 2021).
Will Reliance buy BPCL?
Reliance Industries Ltd will not make an offer for Bharat Petroleum Corporation Ltd (BPCL), which the government has proposed for privatization, according to a RIL official. u201cWe are not interested in BPCL at all, u201d the managing director told BusinessLine under the conditions of anonymity.
Is Indian Oil Privatized?
Bharat Petroleum Corporation Limited (BPCL) is the second largest refinery in the Indian oil sector. It has four refineries in Mumbai, Kochi, Bina in Madhya Pradesh and Numaligarh in Assam. … It is determined that the privatization process of Bharat Petroleum Corporation Limited will take place by March 2021.
Who is taking over BPCL?
According to sources, it makes economic sense for Reliance to combine its Jamnagar refineries with the BPCL units in Mumbai, Kochi and Bina and to merge its 1,406 gas stations with 17,138 BPCL gasoline pumps.
What happens to BPCL employees after privatization?
BPCL offers employees voluntary retirement prior to privatization. The state-owned Bharat Petroleum Corporation Ltd. put in place a voluntary pension scheme for its employees before the government privatized the country’s second largest fuel retailer.
Who will buy BPCL?
Vedanta shows interest in buying all of the government’s stake in BPCL. New Delhi: Vedanta Group confirmed on Wednesday that it had issued a preliminary expression of interest (EoI) to purchase the government’s nearly 53% stake in privatization-linked Bharat Petroleum Corp Ltd (BPCL).
Is BPCL a power supply?
However, none matches BPCL, India’s second largest power supply by sales in 2018-19.
Is BPCL Privatization Good Or Bad?
Assuming this is a privatization rather than another HPCL, there is a path to the share price. When structured properly, it’s still a phenomenal benefit today. … It’s a good place because it’s the first « retail only company » privatization in this country.
Why did BPCL shares fall?
Ltd (BPCL) fell in a rising market today after a report stated that the sale of shares in BPCL could be postponed until the next fiscal year. … A total of 4.34 lakh shares changed hands, which corresponds to a turnover of 16.19 rupees at BSE. Your company’s market capitalization fell to Rs 81,184. Later on, the stock closed 0.44% lower at Rs 375.60 on BSE.
Is Tata Motors a Good Buy?
Stocks to Buy Tata Motors: Tata Motors shares are on the rise, up more than 6 percent on Friday from their previous closing price against the NSE. … Technical analyst Nilesh Jain is bullish on this stock and expects the stock to hit a price target of Rs 350 over the next 6-8 months.
How can I get a job in BPCL?
Steps to apply online:
- Visit the official website of BPCL, i. H. Bharatpetroleum.com.
- Click the Carrier tab
- Select the position you want to apply for.
- Sumit application form with all the necessary information.
- Upload all required documents.
- Pay the registration fee.
- Take the printout of the application form.