Bharat Petroleum traded at 293.70 this Thursday October 15th, increasing 4.05 or 1.40 percent since the previous trading session. Looking back, over the last four weeks, Bharat Petroleum gained 3.18 percent. Over the last 12 months, its price fell by 12.56 percent. Looking ahead, we forecast Bharat Petroleum to be priced at 281.27 by the end of this quarter and at 262.54 in one year, according to Trading Economics global macro models projections and analysts expectations.
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. It operates through two segments: Downstream petroleum, and Exploration and Production of Hydrocarbons (E&P). The Downstream petroleum segment includes refining and marketing of petroleum products. It is engaged in the production of liquid and gaseous fuels, illuminating oils, lubricating oils or greases or other products from crude petroleum or bituminous minerals. The Company also manufactures other petroleum products, including petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. It has refineries at Mumbai and Kochi, LPG bottling plants and lube blending plants. Its marketing infrastructure includes network of installations, depots, retail outlets, aviation service stations and LPG distributors.