A softening of global crude oil prices below the $90 a barrel mark helped Bharat Petroleum Corporation (BPCL) to close 2.30 per cent higher on Monday at Rs 379.70, on a day when the BSE Sensex plummeted by 5.78 per cent.
Thanks to the decline in crude oil prices, expected losses faced by oil marketing companies, like BPCL, have been reduced by 10-12 per cent in the last one month. The stock hit an intraday high of Rs 383 and a low of Rs 372, with trading volumes of 285,282 shares. The stock is up by over 11 per cent in the last one month.
