OMCs stand out in today's trade. Morgan Stanley says stocks should recover more than their pre-Ukraine war book value over next 2 months. Sonal Bhutra gets us the key highlights from the brokerage note.

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OMCs Stand Out In Today's Trade With Stocks Like HPCL & BPCL Surging | NSE Closing Bell | CNBC TV18

State-run Bharat Petroleum Corporation (BPCL) and truck manufacturer Ashok Leyland have initiated a pilot programme to test the effectiveness of ED7 (Diesel blended with 7 per cent ethanol) fuel.

BPCL commences pilot project for 7% ethanol blended diesel

Rapidly expanding capability to promote cleaner vehicle fuels like ethanol and EV charging infrastructure, says P.S. Ravi, Executive Director of BPCL

BPCL to add 165 EV charging corridors by March; to add 7.5 bn litres of ethanol capacity

The meet was also attended by senior leaders of the corporate world like SAIL, Tata Steel, IOC, Haldia Petrochemicals Ltd., BPCL, Jindal Steel, MAERSK Shipping Lines and many others.

Sarbananda Sonowal attends meeting of stakeholders of maritime development in Bay of Bengal

Bhandari anchored several prestigious projects including the commissioning of hydrocracker unit of MRPL, crude and vacuum distillation unit and hydrocracker unit of Numaligarh Refinery Limited and Bina Refinery

Abhai Raj Singh Bhandari new ED of BPCL Kochi Refinery

Nifty EPS estimates in FY21-23 were resilient but trend continuation in FY24 looks difficult. The trajectory will change from FY24, with BFSI contribution to incremental EPS growth tapering, Ambit Capital said .

Stocks to buy: RIL, Tata Motors, SBI, BPCL & Axis Bank are 5 cos that added 96% of Q4 incremental Nifty earnings

BPCLs research and development division is working with BARC to scale up alkaline electrolyzer technology for green hydrogen production. The cost of an alkaline electrolyzer can be potentially halved with some technological and economic innovations, said Bharat L Newalkar, chief general manager (R&D…

BPCL teams up with BARC to scale up alkaline electrolyzer tech for green hydrogen production

Sharekhan is bullish on Bharat Petroleum Corporation has recommended buy rating on the stock with a target price of Rs 430 in its research report dated May 23, 2023.

Buy Bharat Petroleum Corporation; target of Rs 430: Sharekhan

Prabhudas Lilladher is bullish on Bharat Petroleum Corporation has recommended buy rating on the stock with a target price of Rs 425 in its research report dated May 23, 2023.

Buy Bharat Petroleum Corporation; target of Rs 425: Prabhudas Lilladher

Promoters held 52.98 per cent stake in the company as of 31-Mar-2023, while FIIs owned 12.57 per cent, DIIs 22.58 per cent.

Buy Bharat Petroleum Corporation, target price Rs 430: ICICI Direct

BPCL Q4 Results Review- Higher Than Expected Earnings: ICICI Direct

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Bharat Petroleum Corporation Limited is engaged in offering motor spirit (MS), high speed diesel (HSD) and liquefied petroleum gas (LPG). The Company is engaged in the business of refining of crude oil and marketing of petroleum products.