Should you buy, sell or hold BPCL shares after oil marketing PSU posts Q3 results?

BPCL Q3 FY25 Results: Oil marketing PSU BPCL reported a 93.9 per cent sequential jump in its net profit for the October-December period. Read on to learn more about BPCL's latest report.

Should you buy, sell or hold BPCL shares after oil marketing PSU posts Q3 results?

BPCL Stock Price News, Bharat Petroleum Q3 FY25 Earnings: State-run oil marketing company (OMC) Bharat Petroleum Corporation Ltd's shares faced selling pressure on Thursday, a day after the PSU reported a mixed set of results.

Bharat Petroleum shares—traded with the symbol BPCL on stock exchanges BSE and NSE—gyrated between Rs 272.6 and Rs 284.7 in morning trade, last seen trading 1.5 per cent lower for the day at Rs 273.7 apiece in late morning deals.

 

Most brokerages maintained their positive views on BPCL shares after the OMC's Q3 results announcement, with targets implying potential upside of as much as 50.9 per cent from Wednesday's close.

 

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After market hours on Wednesday, BPCL registered a 93.9 per cent quarter-on-quarter increase in its standalone net profit to Rs 4,649.2 crore for the October-December period.

The PSU registered an 8.1 per cent sequential rise in quarterly revenue to Rs 1,27,520.5 crore, according to a regulatory filing.

 

According to Zee Business research, BPCL was expected to register a third-quarter net profit of Rs 5,000 crore with revenue of Rs 1,00,072 crore.

Read more on BPCL results

Here's how various foreign brokerages rate the public sector OMC after its earnings announcement:

Jefferies retained its 'buy' rating on BPCL but reduced its target price for the OMC stock by Rs 40 to Rs 370, indicating a 33.2 per cent upside.

 

 Morgan Stanley continued with its 'buy' call on BPCL with a target price of Rs 419 per share.

 

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