Bharat Petroleum Corporation (BPCL) is trading higher on Friday as international crude oil prices continued their downfall on Thursday
The scrip is currently trading at Rs 554.30, up by 3.80 points or 0.69% from its previous closing of Rs 550.50 on the BSE.
The scrip opened at Rs 541.00 and has touched a high and low of Rs 558.50 and Rs 541.00 respectively. So far 30550 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 721.65 on 15-Dec-2010 and a 52 week low of Rs 487.05 on 24-Nov-2011.
Last one week high and low of the scrip stood at Rs 562.00 and Rs 541.00 respectively. The current market cap of the company is Rs 19902.89 crore.
The promoters holding in the company stood at 54.93% while Institutions and Non-Institutions held 27.74% and 17.33% respectively.
Crude prices declined further on Thursday and the Nymex crude suffered the steepest single-day loss since November 17 after European leaders begin a two-day summit meeting; there is growing worry that the crisis in European Union could trigger a global economic slowdown. The prices were already under pressure after the Energy Information Administration on Wednesday reported that US inventories of crude oil, gasoline and heating oil all showed larger-than-expected increases last week.
Meanwhile, Saudi Arabia is pumping oil at the highest rate for decades in a signal to fellow producers and buyers just a week before an OPEC meeting that it intends to meet customer demand with more output if necessary.
Benchmark crude for January delivery settled lower by 2.1% or $2.15, at $98.34 a barrel on the New York Mercantile Exchange. In London, Brent crude oil for January settled lower by $1.42 or 1.3% at $108.11 a barrel on the ICE.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1265.95 |
| Indian Oil Corp. | 132.60 |
| BPCL | 285.80 |
| HPCL | 360.55 |
| MRPL | 157.55 |
| View more.. | |
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