Nomura maintains Buy on BPCL; Q2 pre-tax profit forecast ~Rs26bn
Nomura keeps a Buy on BPCL, forecasting Q2 pre-tax profit near Rs 26 billion, citing strong refining exposure and an OMC rebound. BPCL shares are up ~20% YTD to Rs 304.5; ROE is cited at 17.34% with an ~5.5% FY26 yield.