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BPCL spurts tracking multi year low brent crude prices

16 Dec 2014 Evaluate

Bharat Petroleum Corporation (BPCL) is currently trading at Rs. 646.00, up by 7.30 points or 1.14 % from its previous closing of Rs. 638.70 on the BSE.

The scrip opened at Rs. 630.80 and has touched a high and low of Rs. 650.90 and Rs. 629.65 respectively. So far 68600 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 784.50 on 28-Nov-2014 and a 52 week low of Rs. 315.00 on 08-Jan-2014.

Last one week high and low of the scrip stood at Rs. 697.05 and Rs. 622.45 respectively. The current market cap of the company is Rs. 46494.32 crore.

The promoters holding in the company stood at 54.93 % while Institutions and Non-Institutions held 28.35 % and 16.72 % respectively.

BPCL shares were trading higher tailing multi year low brent crude prices as investors weighed e possible political and economic fallout in oil-producing countries with little respite in the selling. Lower crude oil prices could reduce under-recoveries of PSU OMCs on domestic sale of LPG and kerosene at controlled prices.