Stock market analyst Sanjay Surekha is of the view that investors can buy Bharat Petroleum Corporation Limited (BPCL) to achieve a target that lies between Rs 650 and 700.

According to analyst, the investors can buy the stock with strict stop loss of Rs 575.

The shares of the company, on June 25, closed at Rs 621.35 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 658 and a low of Rs 410 on BSE.

Current EPS & P/E ratio stood at 42.53 and 15.16 respectively.

While talking over the government's decisive step towards decontrolling fuel prices, Mr. Ashok Sinha, CMD, BPCL stated that the company will start making adjustments on diesel rates by the next 20 days.

He added that the administration has formally expressed to oil marketing firms that diesel has been de-regulated and it will be fully-priced by the next 1-2 months.

BPCL is one of the country's biggest PSU oil and gas companies, with Fortune Global 500 rank of 287 (2008).

The company's corporate office is situated at Ballard Estate, Mumbai. As the name indicates, BPCL is engaged in the refining and retailing of petroleum products.

Bharat Petroleum is said to be a leader in Indian petroleum business with different path-breaking proposals including Pure for Sure campaign, Petro card, Fleet card etc.