Technical analyst Ashwani Gujral has maintained 'hold' rating on Bharat Petroleum Corporation Limited (BPCL) stock with a target of Rs 700.

According to analyst, the investors can hold the stock with a stop loss of Rs 630.

The stock of the company, on May 04, closed at Rs 654.30 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 814.90 and a low of Rs 512 on BSE.

Current EPS & P/E ratio stood at 36.36 and 17.80 respectively.

India based Bharat Petroleum Corp Ltd (BPCL) is making plans to raise its capacitance at its recently accredited Bina refinery situated in Madhya Pradesh, from 6 million to 9 million tons on an annual basis.

The Rs 113 billion ($2.5bn) project is being constructed by Bharat Oman Refineries, a JV between BPCL and Oman Oil Co (OOC).

Bina refinery will be stretched as part of initial stage of development with a total sum of around Rs 20 billion ($446m).

Under the second stage of development, BPCL is making plans to raise the total capacity of the refinery plant to 15 million tons annually.

Bharat Oman Refineries MD U. N. Joshi stated that BPCL proposes to emerge with an IPO of around 25% equity shares.