Thursday 9 June 2016

BPCL rises 1.7%; FIIs can invest up to 49%

The Reserve Bank has allowed foreign investors to raise their holdings in Bharat Petroleum Corporation Ltd to up to 49 per cent.

BPCL rose 1.6% to Rs.995.45. The Reserve Bank has allowed foreign investors to raise their holdings in Bharat Petroleum Corporation Ltd to up to 49 per cent. 

The scrip opened at Rs. 990.5 and has touched a high and low of Rs. 999 and Rs. 988.6 respectively. So far 426275(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 70865.46 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1032 on 03-Jun-2016 and a 52 week low of Rs. 732.2 on 23-Feb-2016. Last one week high and low of the scrip stood at Rs. 1032 and Rs. 969.65 respectively.

The promoters holding in the company stood at 54.93 % while Institutions and Non-Institutions held 30.51 % and 14.56 % respectively.

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