Bharat Petroleum Corporation Ltd (BPCL)

BPCL Stock Uptrend and Bullish Strategy Recommendation - 03 May, 2024

Despite challenging earnings forecast, Bharat Petroleum Corporation Ltd's dividend yield is competitive. Jay Thakkar suggests initiating a Bull Call Spread on BPCL to capitalise on the uptrend.

BPCL Shares Gain as Crude Oil Prices Fall - 02 May, 2024

Bharat Petroleum Corporation Ltd (BPCL) shares rose by up to 4% on the BSE as crude oil prices experienced a third consecutive day of decline due to growing optimism surrounding a potential ceasefire agreement in the Middle East and rising crude inventories and production in the US.

Bharat Petroleum Corporation Ltd Shows Bullish Moves in May - 01 May, 2024

Bharat Petroleum Corporation Ltd (BPCL) is expected to make bullish moves in May due to technicals and strong price seasonality. BPCL, along with Indian Oil Corporation Limited (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL), revises prices of aviation turbine fuel (ATF) and cooking gas monthly based on the average price of benchmark international fuel and foreign exchange rate.

Bharat Petroleum Corporation Ltd Gains for Fifth Straight Session - 30 Apr, 2024

Bharat Petroleum Corporation Ltd stock has risen around 3.21% in the last one month and is up 71.7% in the last year, outperforming NIFTY and Nifty Energy index. The stock gained for a fifth straight session today, quoting at Rs 620, up 0.19% on the day as of 12:44 IST on the NSE.

Singapore GRM Decline to Impact IOCL, BPCL and HPCL - 26 Apr, 2024

The decline in Singapore gross refining margins (GRM) below $4 per barrel is expected to impact Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL). This comes as a double whammy for the companies amid elevated crude oil prices.

BPCL's Q3FY24 Revenue Declines, FII/FPI Increases Stake - 24 Apr, 2024

Bharat Petroleum Corporation Limited's revenue from operations declined by 3.8% in Q3FY24 compared to the previous quarter. However, FII/FPI increased their stake in the company by purchasing an additional 2.58%.

OMC Shares Gain, BPCL Closes Over 3% Higher - 23 Apr, 2024

Shares of oil marketing companies (OMCs) gained with Bharat Petroleum Corporation (BPCL) shares closing over 3% higher. HPCL shares have gained over 23% since the beginning of the year while BPCL and IOC shares have risen over 31% during the period.

BPCL Shares Surge Amid Bullish Run and Expansion Plans - 22 Apr, 2024

Bharat Petroleum Corporation Ltd (BPCL) shares have surged 69% YoY, with strong trading volumes. BPCL is also considering establishing a new facility to diversify its crude oil supply.

BPCL Shares Fall as Crude Oil Prices Rise - 19 Apr, 2024

Shares of Bharat Petroleum Corporation Ltd (BPCL) fell over 3% as Brent crude oil prices rose by 3%, leading to elevated input costs for OMCs. The government's measures prevent OMCs from passing on higher costs to consumers, which could weigh on their profit margins.

BPCL Shares Correct Due to Decline in Marketing Margins - 18 Apr, 2024

Shares of BPCL have corrected by 9-18% since mid-Feb due to a decline in marketing margins on petrol and diesel. Analysts at Motilal Oswal attribute this weakness to geopolitical headwinds, ongoing refining capacity maintenance, and elevated freight rates for oil transportation.

OMCs' Marketing Margins to be Squeezed by High Oil Prices - 16 Apr, 2024

Experts predict that high oil prices and low likelihood of higher retail prices will squeeze the marketing margins of state-owned OMCs, including Bharat Petroleum Corporation Ltd. BPCL shares have increased nearly 2% in the last month.

BPCL Q4 Net Profit Expected to Decline by 25.3% - 12 Apr, 2024

Prabhudas Lilladher expects BPCL's Q4 net profit to decline by 25.3% YoY to Rs. 4840 crore, with net sales expected to decrease by 10.5% YoY to Rs. 1,05,710 crore.

BPCL Shares Climb 3.87% Ahead of Q4 Results - 11 Apr, 2024

BPCL shares rose by 3.87%, reaching a high of Rs 608.25 ahead of the company's Q4 results. A domestic brokerage predicts a 16.7% YoY decline in standalone adjusted PAT, which would be Rs 6,525 crore. The hit on retail margin due to pump price cuts has cut down Q4FY24 PAT by 4-7%.

BPCL Shares Rise Amidst Falling Crude Prices - 10 Apr, 2024

Bharat Petroleum Corporation Ltd (BPCL) shares rose by almost 4% as Brent crude oil prices slipped below $90 a barrel. Analysts expect BPCL and other OMCs to lead the Q4 show for the Oil and Gas sector despite volatility in crude prices.

BPCL, HPCL & IOC Post Strong Profit Despite Rising Crude Prices - 09 Apr, 2024

Bharat Petroleum Corporation Ltd (BPCL), along with Indian Oil Corporation Ltd (IOC) and Hindustan Petroleum Corp Ltd (HPCL), reported a strong net profit of ₹69,000 crore for Apr-Dec 2023, despite the impact of rising crude prices on margins. Meanwhile, shares of these companies traded lower due to concerns over the effect of increasing crude prices on their margins.

Rising Crude Prices Affect BPCL Shares - 05 Apr, 2024

Bharat Petroleum Corporation Ltd (BPCL) shares are affected by the volatility in crude prices, with every $1 increase potentially denting margins by 30-40 paise per litre. The Brent crude price has risen from $77 a barrel in February to around $91 a barrel, increasing working capital requirements for import of crude oil.

BPCL Shares Decline Amid Oil Price Rally - 04 Apr, 2024

Bharat Petroleum Corporation Ltd (BPCL) shares decline up to 2.5% amid a persistent rally in oil prices and Kotak Equities' sell rating due to lack of pricing freedom. Delhi HC allows RIL to be made a party in a pipeline designation case. Consumers can check prices via SMS or mobile app.