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Bharat Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 86433.88 Crore) operating in Gas & Petroleum sector.

“This year was more of an expensive year or an aberration versus just being the norm; so tempering expectations is one… Today also, a lot of the behaviour that we are seeing is keeping assets or money invested into one asset class which they think will do very well but that is again not going to be the case, says smallcase CEO.”

The Board has approved the strategic investment by the acquisition of 37,498 equity shares - representing 55 per cent of the equity share capital, on a fully diluted basis -- of Datawrkz Business Solutions Private Limited along with its wholly-owned subsidiaries at a total consideration not exceeding Rs 124 crores in two tranches.

Promoters held 60.51 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 11.3 per cent and 1.15 per cent, respectively.

A total of 10,791 shares changed hands on the counter till 12:59PM (IST)

Its market capitalization ranking within the BFSI space has improved to two from five in FY18. Stability of the top management has helped improve its operational performance.

The stock traded at a P/E multiple of 53.95, while the price-to-book value ratio stood at 1.22.

“Given the increase in Crude and US yields and fall in EURO and GBP, USD may now open at 74.38 against the INR and could be in a range of 74.15 to 74.55 for the day. The USD looks stronger and is expected to move higher after finding support at 94.50,” Anil Kumar Bhansali, Head of Treasury at Finrex Treasury Advisors said.

"Look for companies which are benefiting from the China plus strategy in the API, CRAMS segment in the chemical and pharmaceutical segments. Companies likes Supriya, Ami Organics, Anupam Rasayan, Rossari Biotech and even Laxmi Organics," says Deven Choksey

The stock quoted a 52-week high of Rs 1823.0 and a 52-week low of Rs 1393.0.