Prabhudas Lilladher Recommends Accumulating BPCL, Sets Rs 305 Target
Prabhudas Lilladher reports BPCL’s net SAED GRM at USD 14.0/bbl in Q2FY27, down from USD 17.0/bbl quarter on quarter, citing higher crude freight costs and no Russian crude discounts. Pre-SAED GRM was USD 32.5/bbl versus USD 41.4/bbl in the prior quarter.