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BPCL rises on inking pact with Ather Energy
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Bharat Petroleum Corporation is currently trading at Rs. 377.60, up by 4.15 points or 1.11% from its previous closing of Rs. 373.45 on the BSE.
The scrip opened at Rs. 375.85 and has touched a high and low of Rs. 378.30 and Rs. 371.65 respectively. So far 139936 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 397.80 on 07-Jul-2023 and a 52 week low of Rs. 288.20 on 20-Oct-2022.
Last one week high and low of the scrip stood at Rs. 394.95 and Rs. 363.10 respectively. The current market cap of the company is Rs. 81824.21 crore.
The promoters holding in the company stood at 52.98%, while Institutions and Non-Institutions held 36.60% and 10.43% respectively.
Ather Energy has partnered with Bharat Petroleum Corporation (BPCL) to expand its charging network. Through the collaboration, Ather will gain access to BPCL's network of over 21,000 fuel stations across the country, facilitating the installation of Ather's public fast-charging grid. Ather already has more than 1,400 chargers across 100 cities.
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.
