Bharat Petroleum Corporation Ltd Hits All-Time High at Rs.386.8

Stock Performance and Market Position

BPCL’s stock has demonstrated remarkable resilience and strength, outperforming its sector and benchmark indices. On 1 January 2026, the stock recorded a day gain of 0.90%, surpassing the Sensex’s 0.24% increase. Over the past week, BPCL surged 5.93%, while the Sensex remained nearly flat at 0.02%. The momentum continued over the month with a 9.41% rise against the Sensex’s decline of 0.26%. Over three months, the stock appreciated by 13.98%, significantly outpacing the Sensex’s 5.48% gain.

BPCL’s long-term performance is equally impressive. The stock has delivered a 31.19% return over the last year, compared to the Sensex’s 8.81%. Over three years, BPCL’s returns have soared by 134.37%, more than triple the Sensex’s 40.40%. Even over five years, the stock has appreciated 102.83%, comfortably ahead of the Sensex’s 78.45%. Although the ten-year return of 159.70% trails the Sensex’s 226.53%, BPCL’s consistent outperformance in recent years highlights its growing market stature.

Technical Indicators and Trading Activity

The stock’s technical indicators reinforce its bullish stance. BPCL is trading above all key moving averages – 5-day, 20-day, 50-day, 100-day, and 200-day – signalling sustained upward momentum. The stock has experienced high intraday volatility of 80.06%, reflecting active trading interest and dynamic price movements. Despite this volatility, the trading range remained narrow at Rs.2.55, indicating controlled price fluctuations amid strong demand.

BPCL has recorded consecutive gains over the last two days, delivering a cumulative return of 4.31% during this period. The stock also outperformed its sector by 0.34% on the day it hit the new high, further emphasising its leadership within the oil industry.

Dividend Yield and Institutional Confidence

At the current price, BPCL offers a high dividend yield of 4.56%, providing attractive income potential alongside capital appreciation. Institutional investors hold a substantial 38.78% stake in the company, reflecting strong confidence from entities with extensive analytical capabilities and resources. This level of institutional ownership often correlates with stability and long-term value creation.

Financial Strength and Operational Metrics

BPCL’s financial metrics highlight its operational efficiency and growth trajectory. The company boasts a high Return on Capital Employed (ROCE) of 17.89%, indicative of effective management and capital utilisation. Net sales have grown at an annual rate of 13.82%, while operating profit has expanded at an even stronger pace of 28.15%, underscoring robust margin improvement.

Recent quarterly results for September 2025 further reinforce BPCL’s strong performance. The company posted its highest-ever PBDIT (Profit Before Depreciation, Interest and Taxes) at Rs.9,761.18 crore. Operating profit to net sales ratio reached a peak of 9.30%, reflecting enhanced profitability. Profit Before Tax excluding other income stood at Rs.7,557.69 crore, marking a substantial 46.5% growth compared to the previous four-quarter average.

Valuation and Market Standing

BPCL’s valuation metrics remain attractive relative to its peers. With a ROCE of 20.9 and an enterprise value to capital employed ratio of 1.6, the company is trading at a discount compared to the average historical valuations of its sector counterparts. The price-to-earnings-to-growth (PEG) ratio stands at a low 0.1, signalling undervaluation in relation to its earnings growth.

Over the past year, while the stock has generated a 31.19% return, the company’s profits have risen by an impressive 60.7%, highlighting strong earnings momentum. This combination of growth and valuation supports the stock’s current premium status in the market.

Market Recognition and Ratings

BPCL is recognised as one of the top performers in the Indian equity market. It ranks within the highest 1% of companies rated by MarketsMojo across over 4,000 stocks. The company holds a rank of 2 among all large-cap stocks and 18 across the entire market, reflecting its superior quality and market standing.

The company’s Mojo Score stands at a robust 81.0, earning it a Strong Buy grade as of 12 December 2025, an upgrade from its previous Buy rating. This upgrade reflects improved fundamentals and enhanced market confidence in BPCL’s prospects.

Consistent Returns and Sector Leadership

BPCL has consistently outperformed the broader market and its sector peers. Over the last three years, the stock has delivered steady returns, outperforming the BSE500 index in each of the annual periods. This consistency highlights the company’s ability to maintain growth and profitability in a competitive environment.

The oil sector, in which BPCL operates, has witnessed varied performance, but BPCL’s leadership and operational strength have enabled it to maintain a competitive edge. Its ability to generate strong cash flows and maintain a high dividend yield further cements its position as a key player in the industry.

Summary of Key Metrics

To summarise, Bharat Petroleum Corporation Ltd’s stock has reached an all-time high of Rs.386.8, supported by:

• Strong price performance with 31.19% returns in the last year and 134.37% over three years


• High ROCE of 17.89% and operating profit growth of 28.15%


• Record quarterly PBDIT of Rs.9,761.18 crore and 46.5% growth in PBT excluding other income


• High dividend yield of 4.56% and significant institutional ownership at 38.78%


• Mojo Score of 81.0 with a Strong Buy rating upgrade in December 2025


• Trading above all major moving averages with strong technical momentum

These factors collectively illustrate BPCL’s strong market position and the solid foundation underpinning its recent all-time high.

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