Bharat Petroleum Corporation (BPCL) recorded a standalone net profit of INR 6,478 crore in Q4FY23. The figure more than doubled from the year-ago period on the back of growth in fuel marketing margins and refining margins. BPCL reported a net profit of INR 2,501 crore in Q4FY22. The company’s Q4FY23 earnings beat estimates led by refining, with higher domestic sales. BofA maintained an ‘Underperform’ stance on the stock, while Nuvama has a ‘Buy’ recommendation, and HDFC Securities retained an ‘Add’ rating with a target price of INR 390.
Global bond index inclusions to boost Indian bond market, drive foreign flows: Lakshmi Iyer
Lakshmi Iyer of Kotak Investment Advisors discusses India’s inward-focused economic strategy, fueled by rising rural and urban consumption and supported by the BFSI sector. Despite
April 25, 2025