BPCL trades higher on the bourses
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Bharat Petroleum Corporation is currently trading at Rs. 310.10, up by 5.10 points or 1.67% from its previous closing of Rs. 305.00 on the BSE.
The scrip opened at Rs. 306.05 and has touched a high and low of Rs. 311.90 and Rs. 305.50 respectively. So far 101283 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 468.00 on 18-Oct-2021 and a 52 week low of Rs. 293.50 on 21-Jun-2022.
Last one week high and low of the scrip stood at Rs. 325.85 and Rs. 303.05 respectively. The current market cap of the company is Rs. 66726.21 crore.
The promoters holding in the company stood at 52.98%, while Institutions and Non-Institutions held 34.73% and 12.30% respectively.
Bharat Petroleum Corporation (BPCL) has signed an agreement with Brazilian national oil company Petrobras for sourcing crude oil from the Latin American nation as part of plans to diversify its sourcing needs. BPCL imports a large volume of crude oil which is turned into fuel such as petrol and diesel at its three oil refineries at Mumbai, Bina in Madhya Pradesh and Kochi in Kerala.
The MoU will strengthen future crude oil trade relations between the two companies and explore potential crude import opportunities by BPCL, on a long term basis.
BPCL is into exploration, production and retailing of petroleum and petrol related products. The retail business unit of BPCL is into marketing of petrol, diesel and kerosene.
