Geojit BNP Paribas
We expect company's earnings to grow at healthy 21.8% CAGR over FY20-22E supported by ongoing capacity expansion and expected improvements in GRMs and reiterate our BUY rating on the stock, with a revised TP of Rs. 289 based on SOTP. Topline improves sequentially, but declines YoY In Q3FY20, Revenue grew 16.2% QoQ to Rs. 70,750cr but declined 1.9% YoY owing to drop in crude throughput. The planned shut downs at Visakh refinery due to BS-VI upgradation resulted in decline in throughput to 4.16mmt (8.8% YoY). Pipeline...
Hindustan Petroleum .. has an average target of 280.25 from 8 brokers.
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