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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