BPCL fell 1.21% to Rs 600 on BSE as the company's average gross refining margin dropped to $6.09 per barrel in Q1 June 2016 from $8.55 per barrel in Q1 June 2015.
Meanwhile, the S&P BSE Sensex was up 109.16 points or 0.39% at 28,452.17
On BSE, 2.52 lakh shares were traded in the counter as against average daily volume of 1.59 lakh shares in the past one quarter. The stock hit a high of Rs 610 and a low of Rs 598.10 in intraday trade. The stock had hit a record high of Rs 616.55 on 8 August 2016. The stock had hit a 52-week low of Rs 366.10 on 23 February 2016. The stock had outperformed the market over the past 30 days till 30 August 2016, rising 2.06% compared with 1.21% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 23.01% as against Sensex's 6.1% rise.
The large-cap company has equity capital of Rs 1446.17 crore. Face value per share is Rs 10.
BPCL's net profit rose 11.01% to Rs 2620.50 crore on 2.99% fall in total income to Rs 57380.65 crore in Q1 June 2016 over Q1 June 2015. The company announced Q1 June 2016 results during market hours today, 31 August 2016.
In Q1 June 2016, BPCL did not get any discount from ONGC/GAIL (India)/NRL in respect of crude oil/products purchased from them compared with discount of Rs 203.33 crore in Q1 June 2015.
BPCL is a state-run oil refining-cum-marketing company. The Government of India currently holds 54.93% stake in BPCL (as per the shareholding pattern as on 30 June 2016).
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