Shares of BPCL hit a 52-week high on the NSE, rising 5% following its Q3 earnings. The company plans to invest Rs 1.5-1.7 lakh crore in capex over the next 5 years. BPCL is well-positioned for the Mozambique gas project and is unaffected by the Red Sea crisis. The company expects oil prices at $80-$90/BBL in the next 6 months. Citi retains its ‘buy’ rating with a price target of Rs 560. Motilal Oswal maintains a ‘neutral’ view on the stock.
Is IHCL plan to double the number of hotels & revenue in next 5 years a conservative target? Puneet Chhatwal explains the math
Indian Hotels Company Ltd (IHCL) plans to double its revenue to Rs 15,000 crore over the next five years. The company will expand its portfolio
November 19, 2024