State-run Hindustan Petroleum Corporation (HPCL) on Monday said that its board of directors could consider a proposal for a recommendation of bonus equity shares along with the fixation of record date on May 9, Thursday when the members meet to approve the company s financial results for the quarter ended March 31, 2024.
Dolat has a target price of ₹550 for BPCL, implying an over 25% upside. Meanwhile, it has targets of ₹450 and ₹137 for HPCL and IOC, indicating a 30% and 18% upside, respectively.
HPCL’s daily trend is sideways. The RSI for monthly, weekly and daily are showing sideways momentum. Based on option chain analysis, the range is between 250 and 260. Let’s plan a trade around this.