BPCL dropped 0.81% to Rs 781.05 at 10:00 IST on BSE after the stock turned ex-dividend today, 3 March 2016 for second interim dividend of Rs 3.50 per share for the year ending 31 March 2016.
Meanwhile, the BSE Sensex was up 203.51 points, or 0.84%, to 24,458.76.
On BSE, so far 6,433 shares were traded in the counter, compared with an average volume of 92,939 shares in the past one quarter. The stock hit a high of Rs 790.10 and a low of Rs 780.15 so far during the day. The stock hit a 52-week high of Rs 987 on 23 July 2015. The stock hit a 52-week low of Rs 704.40 on 13 May 2015. The stock had underperformed the market over the past one month till 2 March 2016, sliding 7.39% compared with 1.21% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 15.28% as against Sensex's 7.18% fall.
The large-cap company has an equity capital of Rs 723.08 crore. Face value per share is Rs 10.
Before turning ex-dividend, the stock offered a dividend yield of 0.44% based on the closing price of Rs 787.40 yesterday, 2 March 2016.
BPCL's net profit jumped 170.1% to Rs 1488.60 crore on 19.5% decline in net sales to Rs 46613.14 crore in Q3 December 2015 over Q3 December 2014.
BPCL is a state-run oil refining-cum-marketing company. The Government of India held 54.93% stake in BPCL (as per the shareholding pattern as on 31 December 2015).
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