BPCL looks ready to resume the bull run.
On 2024-03-21, analysts updated the earnings estimate for Bharat Petroleum Corporation Limited (BPCL)
Earnings estimates allow investors to compare a company's performance with its peers and industry benchmarks, providing insights into its competitive position and market dynamics. Average revenue has been revised down to 4517200000000. Previously, it was 4554670000000. These figure are based on the prediction of 18 analysts.
The lower band of yearly EPS is expected to be at 79.7 for the period ending 31-03-2024 and the higher band at 169.41. The average EPS is expected to come in at 129.78. This is an increase of about 7.561 from the EPS of 15.16 from a year ago. The average revenue on the other hand is placed at 4517200000000 with the lower band at 4015000000000 and higher band at 5985000000000. As compared to the revenue of 4731250000000 from a year ago, the current estimate indicates an decrease of roughly -0.045
In the wake of such estimate increases, investors generally seek to act fast in securing new positions at lower prices, anticipating positive results.
The predicted threshold for BPCL's stock price experienced a change on 2024-03-26, according to analysts.
Analysts, in their research reports provide a range of maximum and minimum price projections for a given stock, which investors can draw on to guide their decisions.Analysts, through their exhaustive research reports, furnish investors with a spectrum of maximum and minimum price projections for a particular stock, aiding investors in making informed decisions. Analysis from 30 leading market analysts indicates that BPCL's future price is forecasted to fall within the range of 375.0 to 890.0, with an average projection settling near 590.67.
Technical Summary
The current price of 595.2 finds support at 341.35 and resistance at 390.25.
The PSAR continues to be bullish in its current outlook.
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