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Have The Bulls Gone Overboard On Bharat Petroleum?
BPCL stock has rallied nearly 50% in the last one month. But just how much will privatisation help BPCL?
04 Oct 2019, 09:32 AM IST
Bharat Petroleum Corporation Ltd.’s best share surge in more than a decade on India’s reported privatisation plan has made it the world’s most expensive fuel refiner and retailer. But it has now run ahead of analysts’ expectations.The government is considering selling its entire stake in the nation’s second-largest fuel retailer to a global oil company, Bloomberg reported on Sept. 13. That could help the Modi administration meet its ...
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