Bharat Petroleum Corporation (BPCL) is trading higher in the trade as international crude oil prices declined for fourth session in a row.
The stock is currently trading at Rs 526.00, up by 1.10 points or 0.21% from its previous closing of Rs 524.90 on the BSE.
The scrip opened at Rs 523.10 and has touched a high and low of Rs 536.45 and Rs 519.75 respectively. So far 12091 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 487.05 on 24-Nov-2011.
Last one week high and low of the scrip stood at Rs 555.95 and Rs 507.70 respectively. The current market cap of the company is Rs 18977.35 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 prolonged the declining momentum for the fourth session in a row as investors remained worried over potential downgrades in Europe after global rating agencies like Fitch and Moody’s casted doubts over the region’s plan to avert an onerous debt debacle. Sentiments remained weak ahead of EU finance ministers talk scheduled later in the global day, to meet a self-imposed deadline for drawing additional aid and crafting together new budget rules.
Meanwhile, the dollar gained strength against a basket of currencies amid concerns over rising tensions on the Korean peninsula after the mercurial leader Kim Jong Il of nuclear-armed North Korea died, which made the dollar priced fuel prices costlier for overseas investors.
Benchmark crude for January delivery slipped $0.66, or 0.7% to $92.87 a barrel on the New York Mercantile Exchange. In London ICE February Brent crude declined by $0.70, or 0.6%, to $102.65 a barrel.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1365.10 |
| Indian Oil Corp. | 145.85 |
| BPCL | 312.05 |
| HPCL | 370.95 |
| MRPL | 183.20 |
| View more.. | |
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