187.65
4.48%
Geojit BNP Paribas
Future growth prospects look promising with capacity expansions projects and expected improvement in margins. Hence, we upgrade our rating on the stock to a BUY, with a revised TP of Rs. 312 based on SOTP. Lower throughput affects topline Q2FY20 standalone net revenue fell 9.9% YoY to Rs 60,863cr largely impacted by lower volumes. Crude oil refining throughput declined 4.2% YoY to 4.56mmt primarily due to planned shutdown at Visakh Refinery. Also, pipeline throughput was down 3.8% YoY to 5.05mmt, while marketing volumes grew by 2.8% YoY to 9.4mmt. Also, GRM...
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Number of FIIs/FPIs holding stock fell by 35 to 638 in Sep 2020 qtr.
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