Bharat Petroleum Corporation is currently trading at Rs. 342.55, up by 1.15 points or 0.34% from its previous closing of Rs. 341.40 on the BSE.
The scrip opened at Rs. 343.00 and has touched a high and low of Rs. 343.50 and Rs. 339.70 respectively. So far 19781 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 549.70 on 21-Nov-2019 and a 52 week low of Rs. 252.00 on 24-Mar-2020.
Last one week high and low of the scrip stood at Rs. 353.75 and Rs. 337.60 respectively. The current market cap of the company is Rs. 74112.52 crore.
The promoters holding in the company stood at 52.98%, while Institutions and Non-Institutions held 33.29% and 13.73% respectively.
Bharat Petroleum Corporation (BPCL), which controls 11-12 percent of the around Rs 35,000-crore engine oil market, has set a target of raising its market share to 13-14 percent by March, given the rising rural demand as the farm sector is set for yet another bumper harvest. The second-largest national oil marketer is also expecting to increase its rural volumes to 60 percent and above by the end of this fiscal, from 45-50 percent now. Tractor oils are the largest selling product for the divestment-bound company that sells its lubes under the umbrella brand of Mak.
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.
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