BPCL vs HPCL: Why Jefferies prefers BPCL as top OMC bet
Global brokerage Jefferies has reiterated a Buy on Bharat Petroleum Corporation (BPCL) with a target price of Rs 410, calling it its top pick among oil marketing companies.
The brokerage believes that BPCL offers better earnings visibility than Hindustan Petroleum (HPCL), even though the stock has slipped nearly 10% over the past year. It also has a Buy on Indian Oil Corporation (IOCL) with a target price of Rs 160, while keeping an Underperform rating on Hindustan Petroleum (HPCL) with a price target of Rs 340.
