bharat petroleum corporation bpcl (JPMorgan) Strong refining performance, subsidy support underpins 4Q

BPCL profits rise on refining performance; Refining performance robust; Pension provisions, forex losses lead to higher expenses; Subsidies provide earnings support; While we expect reforms, it is likely to be a bumpy ride
Date Rating Target Price Recommendation Price Broker house
30 May 2011 neutral 645 628 JPMorgan Report

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