Brokerages cheer BPCL’s Q1 show; valuation, demand worry some
Mumbai: Brokerages have a mixed view on BPCL NSE -1.63 % even as it reported consolidated profit growth of 21.6 per cent in the quarter ended June.
Emkay has a buy rating, Motilal Oswal maintained neutral rating and Morgan Stanley has retained overweight rating after the quarterly numbers. Bank of America Securities has retained buy, CLSA has maintained sell, and UBS has a buy recommendation.
