Govt allowing oil companies to sell at their own price.... global economy is still in recesion,so,the crude can come down to 40 dollars per barrel.... both these are very good for companies like bpcl.... at present price the scrip is a sure buy....
The scrip can easily reach the mentioned target in the near term.... as there is no global demand for crude,the prices will fall again to 40 levels.... govt increases pero prices which is exciting for these oil companies....