BPCL lost 1.15% to Rs 296.25 at 14:50 IST on BSE, with the stock sliding on profit booking after 3-day 12.22% rally.
Meanwhile, the S&P BSE Sensex was up 618.76 points or 3.21% at 19,888.82.
On BSE, 94,000 shares were traded in the counter as against average daily volume of 1.13 lakh shares in the past one quarter.
The stock hit a high of Rs 304 and a low of Rs 294.70 so far during the day. The stock had hit a 52-week low of Rs 256 on 6 August 2013. The stock had hit a record high of Rs 449 on 21 January 2013.
The stock had outperformed the market over the past one month till 6 September 2013, surging 14.61% compared with the Sensex's 2.87% rise. The scrip had, however, underperformed the market in past one quarter, declining 19.5% as against Sensex's 1.28% fall.
The large-cap company has equity capital of Rs 723.08 crore. Face value per share is Rs 10.
Shares of BPCL had rallied 12.22% in three trading sessions to settle at Rs 299.70 on Friday, 6 September 2013, from a recent low of Rs 267.05 on 3 September 2013.
BPCL reported a net profit of Rs 150.32 crore in Q1 June 2013, as against net loss of Rs 8836.75 crore in Q1 June 2012. Net sales rose 7.7% to Rs 58705.28 crore in Q1 June 2013 over Q1 June 2012.
The Government of India (GoI) holds 54.93% stake in BPCL (as per the shareholding pattern as on 30 June 2013).
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