Buy BPCL Jan Futures: Krish Subramanyam

Jan 06, 2014, 02.26 PM IST

Krish Subramanyam of Asit C Mehta Investment recommends buying Bharat Petroleum Corporation January Futures for a target of Rs 355.

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Krish Subramanyam of Asit C Mehta Investment recommends buying Bharat Petroleum Corporation January Futures for a target of Rs 355.

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Buy BPCL Jan Futures: Krish Subramanyam

Krish Subramanyam of Asit C Mehta Investment recommends buying Bharat Petroleum Corporation January Futures for a target of Rs 355.

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Krish Subramanyam of Asit C Mehta Investment told CNBC-TV18, "In oil and gas space I would look at Bharat Petroleum Corporation (BPCL). It has seen a very good reaction around Rs 330, it is just hovering above Rs 330 today. I would buy Bharat Petroleum Corporation January Futures for a target of Rs 355. It might have seen that and we could see the stock trending up."

At 14:17 hrs Bharat Petroleum Corporation was quoting at Rs 329.20, up Rs 0.05, or 0.02 percent. It has touched an intraday high of Rs 337 and an intraday low of Rs 327.90.

The share touched its 52-week high Rs 449 and 52-week low Rs 256.00 on 21 January, 2013 and 06 August, 2013, respectively. Currently, it is trading 26.68 percent below its 52-week high and 28.59 percent above its 52-week low. Market capitalisation stands at Rs 23,803.93 crore.

Action in Bharat Petroleum Corporation

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