BPCL_Long_Support&Resistance
BPCL - a OMC (Oil Marketing Company) in India; under OIl & Gas Refining Marketing category.
++ Public holding=8%, Promoter Holding>50, Div Yield=3.57%, PE<5, Mcap> One Lac 25000 Cr., CMP > BV, CMP < IV, RoCE / RoE = 6.5, PEG<0, PE<Ind. PE, Debt reduced in last 3 years,
(Reserves+Interest)=₹ 97,000 Cr., Expected OPM=10%
Since March 2020 to March 2024,
FII : 12.28% to 16.79%, DII : 19.61% to 21.30%, Public holding: 14.27% to 8.00%
OMC stocks will be highly volatile, when war crisis happens anywhere in the world, especially with Arab countries. If BRICS countries implemented the de-dollarization for Oil trading may setup a new thumbrule for all Indian OMC stocks incl. BPCL. Buy only on dips/support in few quantities periodically as depicted.
++ Public holding=8%, Promoter Holding>50, Div Yield=3.57%, PE<5, Mcap> One Lac 25000 Cr., CMP > BV, CMP < IV, RoCE / RoE = 6.5, PEG<0, PE<Ind. PE, Debt reduced in last 3 years,
(Reserves+Interest)=₹ 97,000 Cr., Expected OPM=10%
Since March 2020 to March 2024,
FII : 12.28% to 16.79%, DII : 19.61% to 21.30%, Public holding: 14.27% to 8.00%
OMC stocks will be highly volatile, when war crisis happens anywhere in the world, especially with Arab countries. If BRICS countries implemented the de-dollarization for Oil trading may setup a new thumbrule for all Indian OMC stocks incl. BPCL. Buy only on dips/support in few quantities periodically as depicted.
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