News > Nomura picks BPCL as top OMC stock on attractive valuation; sees 21% upside

Nomura picks BPCL as top OMC stock on attractive valuation; sees 21% upside

Nomura, a Japan-based brokerage firm, maintains a positive outlook on Bharat Petroleum Corporate Limited (BPCL), reiterating its 'Buy' rating. Analysts said BPCL reported a robust performance in the June quarter despite a challenging environment. They foresee a favourable outlook for refining operations throughout the year, anticipating increased refining demand. They also believe that the most challenging period for FY25 may have passed already.