BPCL Share Update: Motilal Oswal Ne Kaha 'Neutral' Par Target ₹395 Hai!

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AuthorVihaan Mehta|Published at:
BPCL Share Update: Motilal Oswal Ne Kaha 'Neutral' Par Target ₹395 Hai!
Overview

Toh bhaiyon aur behno, BPCL ke liye Motilal Oswal ne apna report card pesh kiya hai. Unhone stock ko **'Neutral'** rating di hai aur target price rakha hai **₹395**. Deal kya hai, bataata hoon.

Aaya BPCL Ka Q3 Result Aur Brokerage Ka Verdict!

Sabse pehle, BPCL ne Q3 mein refining mein dhamakedaar performance dikhaya hai. Unka Gross Refining Margin (GRM) expectations se kaafi upar, matlab $13.4 per barrel raha, jo Motilal Oswal ke estimate $10.5 per barrel se 27% zyada hai. Yahi wajah hai ki company ka profit badha.

Trading volume bhi line mein thi, refining throughput 10.5 million metric tons aur marketing volume 14.1 million metric tons rahi. Is sab ka asar dikha EBITDA par jo ₹118.4 billion aur Profit After Tax (PAT) jo ₹75.5 billion raha, dono expectations ke hisaab se theek-thaak.

Ab aata hai 'lekin'. Brokerage ka kehna hai ki haal filhaal toh theek hai, par medium-term mein refining ka outlook thoda slow lag raha hai. Aur toh aur, company ab naye capital expenditure (capex) cycle mein enter karne wali hai, jiske liye paisa lagega. Ye dono cheezein thodi chinta wali hain.

Isi wajah se, Motilal Oswal ne stock ko 'Neutral' rating par hi rakha hai. Unka kehna hai ki current valuation toh theek hai, par future challenges ko bhi dhyan mein rakhna hoga. Sum-of-the-Parts (SoTP) valuation ke basis par, unka target price ₹395 per share hai.

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