BPCL fell 1.76% to Rs 819.20 at 13:09 IST on BSE, with the stock witnessing sudden slide on reports the Government is planning to sell 3% stake in the company.
Meanwhile, the S&P BSE Sensex was down 141.09 points or 0.53% at 26,445.46.
On BSE, so far 2.26 lakh shares were traded in the counter as against average daily volume of 1 lakh shares in the past one quarter.
The stock was volatile. The stock fell as much as 2.24% at the day's low of Rs 815.15 so far during the day. The stock rose as much as 1.93% at the day's high of Rs 850 so far during the day. The stock had scaled a record high of Rs 876.80 on 5 June 2015. The stock had hit a 52-week low of Rs 539.65 on 23 June 2014.
The large-cap company has equity capital of Rs 723.08 crore. Face value per share is Rs 10.
According to reports, the Finance Ministry has send proposals to BPCL with regard to government's stake-sale.
BPCL's net profit fell 29.9% to Rs 2852.89 crore on 31.4% decline in net sales to Rs 51304.28 crore in Q4 March 2015 over Q4 March 2014.
The Government of India held 54.93% stake in BPCL (as per the shareholding pattern as on 31 March 2015).
Powered by Capital Market - Live News
