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BPCL: To Buy Or Not To Buy?

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India’s second-largest oil marketing company – Bharat Petroleum Corporation Ltd.’s share prices have been on a roller coaster ride over news of its on-again off-again divestment.

We took a look to see if there is reason to be optimistic.

The Indian Government had in November last year approved the sale of its entire stake in BPCL, but offers seeking expression of interest (EoI) or bids showing interest in buying the stake were invited only on March 7.

Post that there have been multiple

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