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BPCL trades higher as crude prices plunges about 1.5% on Thursday

06 Jan 2012 Evaluate

Bharat Petroleum Corporation (BPCL) is trading with traction on Friday as crude oil prices plunged close to one and half a percent on Thursday.

The scrip is currently trading at Rs 470.25, up by 9.45 points or 2.05% from its previous closing of Rs 460.80 on the BSE.

The stock opened at Rs 465.00 and has touched a high and low of Rs 471.20 and Rs 461.25 respectively. So far 37755 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 712.50 on 09-Aug-2011 and a 52 week low of Rs 459.05 on 05-Jan-2012.

Last one week high and low of the scrip stood at Rs 487.30 and Rs 459.05 respectively. The current market cap of the company is Rs 16956.33 crore.

The promoters holding in the company stood at 54.93% while Institutions and Non-Institutions held 27.74% and 17.33% respectively.

Crude oil prices dived close to one and half a percent on Thursday after investors chose to square off positions amid fresh jitters over Euro-zone debt crisis while the higher than expected US EIA’s weekly inventory numbers too undermined sentiments. Investors remained worried over the unexpectedly higher US crude stockpiles data which indicated feeble demand in the world’s top oil consumer. The oil prices which spiked close to eight-month high in the previous session also got weighed down by the strength in US dollar, which made crude expensive for overseas investors.

Meanwhile, the downside for the oil was limited by lingering concerns over supply disruptions from Iran as the US and Europe tightened sanctions on the nation with nuclear ambitions. Iran has threatened to block the vital Strait of Hormuz waterway, which is the exit route from the oil-rich Gulf of 20% of the global daily oil consumption.

Benchmark crude for February delivery plunged $1.41, or 1.4% to settle at $101.81 a barrel on the New York Mercantile Exchange. In London, February Brent crude sank $0.96 to close at $112.74 a barrel on the ICE.

BPCL Share Price

312.05 4.05 (1.31%)
17-Apr-2026 16:59 View Price Chart
Peers
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