Target for BPCL Share Price The second-largest downstream oil producer in India is BPCL, which is owned by the Ministry of Petroleum and Natural Gas. In 2020, it ranked 309th out of the biggest PSUs in the world. Mumbai, Maharashtra, is home to BPCL’s headquarters, which was founded in 1976. It has 40 MMT capacity refineries in Mumbai and Maharashtra.
Since January 12th, 2024, the share price of Bharat Petroleum Corporation Limited has climbed by 28%, and it is expected to rise further in the years to come. However, it will be harder for the oil and gas industry corporations to sustain the current rate of company growth due to the global shift to renewable energy. By reviewing the BPCL Share Price Target for the upcoming years, this piece aims to assist investors in making the decision of whether or not to spend their hard-earned money in Hindustan Aeronautics Share Price.
Current News on BPCL Share Price Target
- Recently, BPCL Share Price introduced the “Pure for Use” LPG Initiative, which uses a QR code to increase customer satisfaction and reduce last-mile delivery inefficiencies.
- Bharat Petroleum Corporation Limited will collaborate on the future 1 million tonne LNG project in Mozambique.
- Following its Q3 FY24 earnings of 82% profit growth to Rs 3181.42 crores, BPCL Share Price NSE Stock jumps to a one-year high.
- BPCL closed its 4.5 million-ton per year Kochi refinery in September and October of 2023.
- BPCL will deliver RLNG (Regasified Liquid Natural Gas) at a rate of 0.43 MMSCMD (Million Metric Standard Cubic Metres Per Day).
- At India Energy Week 2024, BPCL and the Bhabha Atomic Research Centre (BARC) together revealed the country’s first alkaline electrolyze.
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BPCL Share Price Target 2024
Month (2024) | Maximum Target | MinimumTarget |
January | Rs 500.68 | Rs 443.80 |
February | Rs 517.34 | Rs 450.45 |
March | Rs 522.66 | Rs 459.31 |
April | Rs 515.71 | Rs 441.13 |
May | Rs 503.53 | Rs 437.00 |
June | Rs 521.58 | Rs 454.89 |
July | Rs 510.00 | Rs 450.56 |
August | Rs 538.91 | Rs 462.32 |
September | Rs 565.74 | Rs 489.80 |
October | Rs 543.71 | Rs 497.82 |
November | Rs 567.58 | Rs 492.17 |
December | Rs 586.44 | Rs 507.78 |
BPCL Share Price Target 2025
Month (2025) | Maximum Target | MinimumTarget |
January | Rs 584.56 | Rs 513.25 |
February | Rs 580.02 | Rs 518.90 |
March | Rs 598.79 | Rs 501.32 |
April | Rs 603.34 | Rs 512.65 |
May | Rs 601.67 | Rs 518.79 |
June | Rs 597.23 | Rs 526.32 |
July | Rs 583.77 | Rs 539.56 |
August | Rs 590.36 | Rs 523.82 |
September | Rs 611.10 | Rs 536.65 |
October | Rs 618.99 | Rs 540.00 |
November | Rs 626.37 | Rs 534.32 |
December | Rs 634.77 | Rs 557.65 |
BPCL Share Price Target 2026 to 2030
Year | Maximum Target | Minimum Target |
2026 | Rs 780.00 | Rs 565.72 |
2027 | Rs 877.11 | Rs 666.90 |
2028 | Rs 999.53 | Rs 721.71 |
2029 | Rs 1081.79 | Rs 883.23 |
2030 | Rs 1188.65 | Rs 990.56 |
BPCL Share Price LTD Shareholding Pattern
- Promoters: 52.98%
- FII: 14.21%
- DII: 11.01%
- Mutual Funds: 9.90%
- Retail & Others: 11.90%
BPCL Share Price LTD Competitors (Market Cap: 133,257.20 crores INR)
- IOC (Market Cap: 257,712.60 crores INR)
- Hindustan Petroleum (Market Cap: 72,374.34 crores INR)
- MRPL (Market Cap: 33,229.27 crores INR)
- Chennai Petro (Market Cap: 13,300.02 crores INR)
- Gandhar Oil (Market Cap: 2,368.94 crores INR)
Things to think about prior to purchasing BPCL NSE Stock
- In the third quarter of its fiscal year 2023, BPCL Share Price reported a year-over-year profit growth of 82% to Rs 3,181.42 crores, compared to Rs 1,747.01 crores during the same period previous year.
- In the third quarter of the fiscal year 2024, Bharat Petroleum Corporation Limited reported a decrease in revenue of Rs 1,29,984.84 crores as compared to Rs 1,33,347.51 crores in Q3FY24.
- Being the second-biggest oil business in India and possessing a strong infrastructure gives BPCL an advantage over rivals in managing market volatility.
- The Indian government has cancelled its plans to disinvest in BPCL Share Price, but in a year or two, it will probably happen sooner rather than later. The corporation will have more opportunities as a result of privatisation to explore new business opportunities globally and adopt and apply innovative ideas.
- Since BPCL Share Price is a company in the oil and gas industry, it is extremely vulnerable to the abrupt global move toward renewable energy sources, battery-electric vehicles, and the infrastructure necessary for them to be charged. In order to develop charging infrastructure at the same rate as other major businesses like TATA, Adani, and Reliance as well as a few other rapidly growing large startups like Ola and Ather, BPCL will need to step up their competition.
Conclusion
While the stock of BPCL Share Price has only gained by 83% since February 15, 2023, it has increased by 87% since March 1, 2019. This suggests that for a lot of years, the share price of BPCL has been continuously dropping on the Indian Stock Exchange. Nonetheless, as of January 11th, 2024, BPCL Share Price has climbed by +33% and +71% on the stock market. Before making any commitments relating to investments, it is advised that an investor conduct a thorough examination of the company’s strengths and shortcomings. Seeking professional advice is strongly encouraged when it comes to investing your hard-earned money in the stock market.
FAQS
What is the 2025 target for BPCL share price?
The target for BPCL share price NSE by 2025 is set at Rs 634 to Rs 513.
What is the 2026 target share price for BPCL?
The share price target set by BPCL NSE for 2026 is expected to range from Rs 780 to Rs 565.
What is the 2030 target share price for BPCL?
It is estimated that the price of BPCL shares will stay between Rs. 1188 and Rs. 990 in 2030.
What is the 2024 target for BPCL share price?
The target for BPCL share price in 2024 is expected to range from Rs 586 to Rs 443.