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Nomura picks Bharat Petroleum Corporation Ltd as top stock among state oil firms. The brokerage highlights BPCL's refining efficiency and balanced business. Nomura projects a potential 26% rally in BPCL shares. They raise the target price to Rs 435, reiterating a 'buy' rating. BPCL's superior refining performance sets it apart from Hindustan Petroleum Corporation Ltd and Indian Oil Corporation Ltd.
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Vedanta shares have struggled despite a strong 7% dividend yield and robust operational performance. Analysts remain cautious due to the pending demerger and past governance issues. While some advise waiting, others see long-term value, driven by Hindustan Zincs growth plans, aluminium expansion, and the companys focus on debt reduction.
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Gold futures opened lower at MCX due to Trump's new tariffs, while silver saw a slight increase. Market volatility is expected this week amid dollar index fluctuations and upcoming US trade deal deadlines. Experts suggest monitoring key support and resistance levels for both gold and silver, with potential buying opportunities on dips for silver.
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