Thursday 14 February 2013

BPCL Drops After Weak Q3 Earnings


  • BPCL said it has accounted for budgetary support of Rs 13226.65 crore from the Government of India for nine month period April-December 2012 towards under-recovery on sale of HSD, SKO (PDS) and LPG (domestic), which was higher than Rs 10518.16 crore for the nine month period April-December 2011.

  • The stock hit a high of Rs 410.80 and a low of Rs 393.60 so far during the day. The stock had hit record high of Rs 449 on 21 January 2013. The stock had hit a 52-week low of Rs 294.88 on 14 February 2012.



  • The stock had outperformed the market over the past one month till 13 February 2013, surging 8.24%, compared with the Sensex`s 0.28% fall. The scrip had also outperformed the market in past one quarter, jumping 20.43% as against Sensex`s 5.31% rise.

  • The large-cap state-run oil refining-cum-marketing company has equity capital of Rs 723.08 crore. Face value per share is Rs 10.
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