Maintain 'buy' on BPCL - TP Rs.431 - Geojit BNP Paribas Financial Services

- It seems that hiking diesel prices is difficult in the current high inflationary scenario and this would lead to some sell off in oil marketing company stocks. Investors can make this opportunity to accumulate the stock.

- Higher subsidies and delay in E&P (exploration and production) are key risk to the target price.

Source : Equity Bulls

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