BHARAT PETROLEUM CORPORATION LTD(BSE 500547) Share Tips

BPCL LOGOBHARAT PETROLEUM CORPORATION LTD. COMPANY PROFILE

Bharat Petroleum Corporation Ltd, is India’s 2nd largest oil company in terms of market share and it has been a front-runner in the alternate fuels segment. It came to existence in the business from the year 1976 by the reason of merger plays in Refinery and Marketing Companies of Burmah Shell Oil Storage & Distribution Company. BPCL focused in the production of petroleum and petroleum products (Byproducts). The Strategic Business Units (SBUs) of the company are classified into refineries, retail, industrial & commercial, lubricants, LPG and aviation Sectors. During the year 2001-02 Gas Turbine and Heat Recovery Steam Generator project was commissioned at a cost of Rs. 1750 million. Refinery Modernization Project is being implemented at a cost of Rs. 18,310 million . This project besides improve distillate yield and energy efficiency of the company. BPCL have Allied Retail Business (ARB) also apart from the regular business. making it not only the largest non-fuel revenue generator in the oil industry, but also amongst the leading retail networks in the country, offering a basket of services ranging from C-stores, Quick Service Restaurants to financial and travel related services. The total of 8 numbers of In & Out convenience stores made up the ‘millionaire club’ by clocking average sales of Rs. 1 million per month. Automatic Teller Machines (ATMs) continued by the company to be a focus area in the ARB initiative under the alliance management strategy. The 222 ATMs in the network are the result of alliances with 22 banks. Given the rapid growth of the travel industry in the country and especially personal travel, BPCL launched ‘In & Out e-Traveller’, a one-stop facility for all travel and hospitality needs in during year of 2006-07. The In & Out eTraveller is an e-ticketing / e-booking facility for rail, air and bus tickets and hotel accommodation, brought through a web of alliances with best in breed travel service providers. BPCL has always pioneered the cause of high performance motor sporting activity through the flagship brand of premium petrol, Speed. For the year 2006-07 the company spend Rs. 75.05 million. Locations across the country BPCL received numerous awards in the areas of Health, Safety and Environment. BPCL was awarded the Trusted Brand in the Gas Station category as per the market survey conducted by Readers Digest. BPCL was also conferred the Award for Best Branded Automotive Fuel for the brand Speed, by Frost & Sullivan. BPCL was adjudged as the ‘Most Trusted Oil Company’ by TNS Global. The survey was carried out by TNS Automotive. The company won the Customer Responsiveness Award’ in the Public Sector Units category. The survey for this Avaya Global Connect’ award was carried out by A.C. Nielsen ORG-MARG. The Kochi Refinery alone received 4 awards and BPCL walked away with three prestigious awards for communication, instituted by the Association of Business Communicators of India. The Corporate website won the most coveted Gold Award. In addition, BPCL also won the Silver and Bronze awards for the B.P.Journal and the Company’s Annual Report respectively. As on January 2008 State-run oil companies, Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) , are planning to jointly set up a desalination plant (sewage treatment plant) in Mumbai to meet the requirement of raw water at their refineries with cost of Rs. 300 crore. During March 2008 BPCL and GAIL have signed an MoU cost of Rs. 400 crs for float a joint venture as God’s Own Gas Company (Go Gas) for marketing compressed natural gas (CNG) and piped gas in Kerala and Karnataka. As on April 2008, the company would invest Rs. 266 crore to buy a third of a Joint Venture to produce Biodiesel, it will partner Mumbai based firm Shapoorji Pallonji and Southern India based Nandan Biomatrix to extract boidesel from Jatropha and karanji plantations in UP. Future plans of the company are Intensifying and enlargement of activities in the area of Refinery processes and residue upgradation, Development of catalyst/additive for refining processes, Development of new process technologies using additive approach for improving product quality, Enlargement of crude basket and identification of opportunity crudes and crude blends, Value added Products/Solvents from the refinery streams, Bio-technological processes, Coal to Residue Technologies, Alternate Fuels, Passenger Car Engine Oil for major OEM, Fully Synthetic Gear Oil (75W-90), Customer specific Metal Working Fluid, High Performance Grease and Defence specific grade lube oil. All the above will be done with the new framed capital expenditure.

BHARAT PETROLEUM CORPORATION LTD(BSE 500547) INVESTMENT ANALYSIS AND TIPS

BHARAT PETROLEUM CORPORATION LTD(BSE 500547) HISTORICAL CHART

BHARAT PETROLEUM CORPORATION LTD(BSE 500547) LONG TERM SUPPORT AND RESISTANCES

YEARLY RESISTANCE LEVEL(R2)————————-1016

YEARLY RESISTANCE LEVEL(R1)————————-840

YEARLY PIVOT POINT LEVEL(P)—————————-665

YEARLY SUPPORT LEVEL(S1)——————————488

YEARLY SUPPORT LEVEL(S2)——————————312

BHARAT PETROLEUM CORPORATION LTD(BSE 500547) VS NIFTY PERFORMANCE BHARAT PETROLEUM CORPORATION LTD(BSE 500547) VS NIFTY PERFORMANCE

NIFTY LOST 21% IN YEAR WHILE BPCL

DOWN 27%,UNDERPERFORMED.

BHARAT PETROLEUM CORPORATION LTD FUNDAMENTALS

BHARAT PETROLEUM CORPORATION LTD(BSE 500547) FUNDAMENTAL RATIOS

BHARAT PETROLEUM CORPORATION LTD INVESTMENT TIPS

START ACCUMULATING BELOW 480

WHILE BELOW 312 IS VALUE BUY

WITH MINIMUM LONG TERM

TARGET OF 665.

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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