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BPCL Q4 Review: Citi, Jefferies Maintain Buy After Q2 Results; Jefferies Cuts Target Price

Covered by 3 outlets ·First reported ·Updated
MintBPCL Q4 Review: Citi, Jefferies Maintain Buy After Q2 Results; Jefferies Cuts Target Price
Image: NDTV Profit

. BPCL reported a net profit of Rs 4,993 crore in the September quarter, compared with a loss of Rs 3,962 crore in the June quarter. Citi and Jefferies remain positive on the stock but flagged risks from elevated crude oil prices and weak marketing margins.

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