Edelweiss Financial Services has Buy call on Bharat Petroleum Corporation Ltd. with a target price of Rs 667.0. The current market price of Bharat Petroleum Corporation Ltd. is 604.0. Time period given by analyst is year, when Bharat Petroleum Corporation Ltd. price can reach defined target. The brokerage said that globally, evolving deregulation has triggered competition, which has im pacted fuel retail margins, necessitating pursuit of higher margin non-fuel retail offer ings. It said BPCL unveiled Project Nishchay -its non-fu el initiatives -to complement its traditional fuel business and is hoping to leverage its infrastructure and customer connect. BPCL rose 2.77% to `585.85 on Friday.
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