BPCL zooms 34% in September, set to post sharpest monthly rally in 11 years

Centre is considering a plan to sell the nation's second-largest state refiner and fuel retailer to a global oil company as it explores options to give up its controlling stake in BPCL

Shares of Bharat Petroleum Corporation Limited (BPCL) were trading higher for the fifth straight day, up 3 per cent at Rs 477 on the BSE on Thursday, on reports that the government is considering selling its stake to a global oil company. It was trading at its highest level since February 2018.

With this,the stock of the public sector oil behemoth is set to post its sharpest monthly rally in 11 years. Thus far in September, the share price of BPCL has zoomed 34 per cent, as compared to a 5 per cent rise in the S&P BSE Sensex. Previously,