The Company has posted a net profit of Rs 6141.20 million for the quarter ended June 30, 2009 as compared to net loss of Rs (10667.00) million for the quarter ended June 30, 2008. Total Income has decreased from Rs 392977.00 million for the quarter ended June 30, 2008 to Rs 261956.00 million for the quarter ended June 30, 2009.
Anand Rathi has advised traders to buy BPCL for a target of Rs 512. “Buy BPCL between Rs 462-466 with stop loss of Rs 439 for a target ofRs 512,” said the technical note.
Note: Recommendation validity period is 1 week. Stop loss is on a weekly closing price basis.
Source : Economic Times.
Buy BPCL on dips with stoploss below Rs 410: Finquest
Finquest Securities has advised traders to buy BPCL on dips with stoploss below
Rs 410.
“Bullish Piercing formed in BPCL at 55 day EMA at Rs 412 indicates strong support at Rs 410-415 zone. BPCL is likely to move up on relief rally towards Rs 452/465 as long as the support at Rs 410 holds.
Buy BPCL on dips to Rs 425 for target of Rs 452/465 and keep stoploss below Rs 410,” said Finquest report. - Economic Times
