The AGM of the index big Reliance Industries Ltd (RIL) is scheduled for the twenty fourth of June that may maintain the merchants and market excited concerning the end result. Picture: Reuters By Shrikant Chouhan The Nifty 50 index is heading for the degrees of 16000/16200 within the subsequent few weeks and the draw back
Bharat Petroleum Corporation
Retail costs of gasoline and diesel have elevated by Rs 3-4/lt because the elections ended. On the present crude value, our calculations recommend additional retail value hikes of Rs 1-5/lt in diesel and gasoline are wanted to revive regular margins. BPCL reported in-line core Ebitda, with stock features driving a big beat to JEFe. Advertising
Presently, 49% FDI is permitted beneath computerized route in petroleum refining by PSUs, with none disinvestment or dilution of home fairness within the present PSUs. The federal government might make clear that 100% overseas direct funding (FDI) restrict via computerized route shall be relevant to refiner-cum-retailer BPCL when it turns into a non-public firm after
We had been very aggressive in including retail items over the past two years (FY20 and FY21) given our requirement to seize rural markets which had been out of our ambit. With the second wave of Covid-19 impacting demand by 30% in Might in comparison with April or Might in any yr earlier than the
For any strategic investor, shopping for a majority stake in BPCL is an effective alternative, as it’s going to include prepared entry to the third largest and one of many fastest-growing petroleum markets, mentioned an analyst Bharat Petroleum Corporation (BPCL) share value surged to a contemporary 52-week excessive of Rs 488 apiece on BSE, rising