Stock of Interest

Posted On: September 22, 2023

Stock Report: BPCL(NSE) 21 Sep 2023

Bharat Petroleum Corp Ltd operates several refineries in India, while also marketing and distributing petroleum by-products. Operations are divided into the business segments: Downstream Petroleum (majority of revenue) and Exploration and Production of hydorcarbons. Downstream Petroleum operations include the refineries that produce liquefied petroleum gas, aromatics, kerosene, fuel oil, furnace oil, and bitumen. Bharat’s petroleum by-products are often commanded by consumers in aviation, autos, maritime, and many other industrial segments. The Downstream Petroleum operations also include the network of retail service stations across India.

#xCalData predicts that # BPCL will continue its bullish phase over the next five days and trend within the range of 347 to 366. 

In comparison to the previous month, the price of the stock has experienced an increase of 0.91% indicating a bullish.

The Stock has doubled once since 06 Jan 2015 and took an average of 1.8 years to double.

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 2 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum. Only some of the technical indicators namely MACD indicate Bearish view. 

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days. 

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