BPCL shares tumble 2% after Q3 results disappoint. What brokerages say?

BPCL's shares dropped 1.8% after reporting a 20% YoY net profit increase for Q3 FY24, missing Street estimates. The company posted a net profit of Rs 3,805.94 crore, below the expected Rs 5,200 crore. Brokerages had mixed views, with Jefferies maintaining a 'Buy' rating and Investec advising 'Sell.' BPCL approved an interim dividend of Rs 5 per share.