Monday, 25 May 2015

BPCL surges after signing pact with SBI

BPCL on Friday after market hours announced that it has entered into a term loan agreement with SBI to set-up a rupee loan facility. 

BPCL
Bharat Petroleum Corporation (BPCL) has moved from strength-to-strength on the BSE, on the back of positive news flow.

According to a release issued by the company to the BSE, BPCL on Friday after market hours announced that it has entered into a term loan agreement with State Bank of India (SBI) to set-up a rupee loan facility.

Currently, the stock is trading at the highest level of the day - with a jump of almost 3 percent to Rs. 805.

On the BSE, so far 23,000 shares have changed hands at the counter as against the two-week daily average volume of 62,000 shares.

Meanwhile, the BSE Sensex has dropped over 100 points at 27,844. 

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