BPCL Share Price Target 2024, 2025, 2026, and 2030

The second largest downstream oil producer in India, Bharat Petroleum Corporation Limited (BPL) is owned by the Government of India under the Petroleum and Natural Gas (PNG) Ministry. BPCL was ranked 309th among the Global Biggest Public Sector Undertakings (GBS) in 2020. BPCL was established in 1976 and its refineries are located at Bina in Kerala, Kochi in Maharashtra and Mumbai in India. BPCL Share Price Target 2024 capacity of 40 million tones per year (MMT) and its registered office is located in Mumbai, India. The share price of Bharat Petroleum Corporation Ltd (BPL) has increased by 28% since 12th January 2024. The stock price of BPL is expected to continue its positive trend in the coming years. However, it is going to be difficult for the Oil & gas sector Company to sustain its business growth rate in the coming years as the world is shifting towards renewable energy sources. In this article, we will guide you through the analysis of the BPCL Share price Target in the coming years to help you decide whether or not you should invest your hard-earned money in the Hindustan aeronautics share price.

The Liquefied petroleum gas (LPG) carrier BPCL Share Price Target 2025 (BPCL) has recently launched its 'Pure for Use' LPG Initiative, which includes a QR code to reduce last-mile inefficiencies in delivery and enhance customer satisfaction.

BPCL has entered into an agreement with the Mozambique Liquefied Natural Gas (LNG) project to supply 1 million tones of LNG in the near future.

The NSE stock of BPCL has risen to a one year high after the carrier reported an 82% profit growth in Q3 FY24 to Rs 3,181.42 crore.

In September-October 2023, the carrier shut down its refinery in Kochi, which produced 4.5 million tons of LNG per year.

The carrier has also announced that it will supply 0.43 million standard cubic meters per day (MMSCMD) of RLNG, which is a repacified liquid natural gas.

Recently, the carrier launched India’s alkaline electrolyze, the first of its kind in the country, at India’s largest alkaline electrolyze expiry season (India Week 2024).

BPCL LTD Competitors (Market Cap: 133,257.20 crores INR)

• IOC (Market Cap: 257,712.60 crores INR)
• Hindustan Petroleum (Market Cap: 72,374.34 crores INR)
• MRPL (Market Cap: 33,229.27 crores INR)
• Chennai Petro (Market Cap: 13,300.02 crores INR)
• Gandhar Oil (Market Cap: 2,368.94 crores INR)

Points to consider before investing in BPCL NSE Stock

• BPCL has recently posted Year over Year profit increase by 82% to Rs 3,181.42 crores in fiscal year 2023, third quarter against the Rs 1,747.01 crores in the same period last year.
• Bharat Petroleum Corporation Limited posted a revenue dip of Rs 1,29,984.84 crores in the third quarter of the fiscal year 2024 from Rs 1,33,347.51 crores Q3FY24.
• BPCL company has a robust infrastructure and is India’s second-largest oil company, providing the company an edge over other players when it comes to handling turbulence in the market
• Recently, the Government of India has called off its plans to disinvest BPCL but it is most likely to happen sooner than later in a year or two. Privatization will open up new opportunities for the company in terms of the ability to take and implement new ideas and venture into new business prospects all over the world. BPCL Share Price Target 2030
• Since BPCL is an Oil and Gas sector corporation, the risk in the future is immense due to the sudden shift of the world towards renewable energy and battery electric vehicles and its charging infrastructure. BPCL Share Price Target will have to compete big time to keep up with the pace of installing charging infrastructure against other players such as TATA, Adani, and Reliance and a few other emerging big startups such as Ola and Anther

.Conclusion

BPCL stock has increased by 87% since March 1, 2019, and is up by only 83% since the year 2023, February 15th. This shows that the share price of BPCL has been struggling to uplift its trajectory on the Indian Stock Exchange for years. However, the share price of BPCL has jumped +71% in the last six months on the stock market and +33% since January 11th, 2024.

It is advised for an investor to conduct thorough research on the company’s vulnerabilities and strengths and only then move forward with the investment-related commitment. Expert advice is highly recommended while investing your hard-earned money in the stock market.