Aug 14, 2013, 12.26 PM IST
State-run oil retailer BPCL posted a net profit of Rs 150 crore during April-June quarter as against a loss of Rs 8,840 crore in a year ago period. The profit was without government compensation.
Like this story, share it with millions of investors on M3
Strong Q1 & better GRM boost BPCL, stock up 6%
State-run oil retailer BPCL posted a net profit of Rs 150 crore during April-June quarter as against a loss of Rs 8,840 crore in a year ago period. The profit was without government compensation.
Like this story, share it with millions of investors on M3
Strong Q1 & better GRM boost BPCL, stock up 6%
State-run oil retailer BPCL posted a net profit of Rs 150 crore during April-June quarter as against a loss of Rs 8,840 crore in a year ago period. The profit was without government compensation.
Bharat Petroleum Corporation (BPCL) shares gained 6 percent in intraday trade Wednesday after it reported strong set of results, but it erased half of gains on profit booking later on.
The state-run oil retailer posted a net profit of Rs 150 crore during April-June quarter as against loss of Rs 8,840 crore in a year ago period. The profit was without government compensation.
Even its gross refining margin (GRM) stood at USD 4.05 a barrel, which was best in industry and also much better than its peer Indian Oil Corporation 's GRM of USD 1.5 a barrel.
Also Read - BPCL's arm discover hydrocarbons in Brazil
Meanwhile, JP Morgan is overweight on the stock with a target price of Rs 485.
"While the profit is small, in the context of losses reported by peers, BPCL stands out with relatively better refining performance adding to subsidy support," JP Morgan report said.
At 12:03 hours IST, the stock rose 2.98 percent to Rs 294.25 on the Bombay Stock Exchange.
Anda sedang membaca artikel tentang
Strong Q1 better GRM boost BPCL, stock up 6%
Dengan url
https://rokokkanker.blogspot.com/2013/08/strong-q1-better-grm-boost-bpcl-stock.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Strong Q1 better GRM boost BPCL, stock up 6%
namun jangan lupa untuk meletakkan link
Strong Q1 better GRM boost BPCL, stock up 6%
sebagai sumbernya
0 komentar:
Posting Komentar