BPCL shares are down 28% from peak but still expensive, says analyst

Share it

Brokerage firm Nuvama has highlighted concerns about BPCL’s weak refining margin environment and LPG under-recoveries, which are impacting its earnings. Additionally, the high capital expenditure cycle is weighing on the company’s return ratios, making the risk-reward scenario unfavorable.

Leave a Comment

Your email address will not be published. Required fields are marked *