Jefferies sets INR 410 target for Bharat Petroleum stock

Published on 10/02/2026 at 04:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BPCL reported INR 1.51 trillion revenue in the first quarter of fiscal 2027. For Bharat Petroleum stock, operating profit fell to minus INR 61.24 billion.

BPCL, INE029A01011, Illustration mit AI erstellt.

Jefferies set an INR 410 price target for Bharat Petroleum Corporation on October 1, 2026, according to Financial Express. Bharat Petroleum stock therefore carries an analyst target above the latest Indian market price, while the company enters the next reporting cycle after a sharp quarterly earnings reversal.

Target meets a weak quarter

Bharat Petroleum reported revenue of INR 1.51 trillion in the first quarter of fiscal 2027, according to Stockfin. Revenue rose 27.40 percent from the preceding quarter, but net income swung to an INR 18.73 billion loss from INR 56.25 billion profit in the fourth quarter of fiscal 2026.

The operating result also moved from INR 80.46 billion profit in the fourth quarter of fiscal 2026 to an INR 61.24 billion loss in the first quarter of fiscal 2027. The contrast matters because the revenue increase did not translate into earnings, leaving margins as the central test for the next results announcement.

Recovery case depends on margins

Moneycontrol reported on September 16, 2026, that Nomura maintained a Buy rating on BPCL and estimated second-quarter profit before tax at INR 26 billion. The estimate implies a possible earnings recovery from the first-quarter loss, although it remains sensitive to crude costs, fuel pricing and refining margins.

BPCL also closed its trading window from October 1, 2026, until 48 hours after filing its second-quarter and first-half fiscal 2027 results, as reported by PSUConnect. The company said the board meeting date for those results would be communicated separately.

Indian listing remains below target

Bharat Petroleum last traded at INR 300.60 on the NSE on October 1, 2026 at 3:15 p.m. IST. The quote stood between the 52-week low of INR 266.60 and high of INR 391.65, while the market capitalization was INR 1.3 trillion. The gap between the quarterly loss and the INR 410 Jefferies target makes the next results the key evidence for whether the recovery case is gaining support.