Bharat Petroleum Corporation Ltd Share Price – NSE /  BSE

Refineries, Mid Cap

In the Reverse Auction phase of the tender, BPCL emerged as the lowest bidder (L-1), securing a capacity of 150 MW. The contract, once finalized, will see the development of the project over a two-year timeline, with an estimated capital expenditure of Rs 756.45 crore.

The solar project is expected to generate an annual revenue of approximately Rs 100 crore by producing around 400 million units of clean energy. This milestone highlights BPCLs commitment to advancing renewable energy initiatives and contributing to India’s clean energy transition.

The official announcement was made after market hours on 24 December 2024.

Bharat Petroleum Corporation (BPCL) is the second largest Indian oil marketing company (OMC), engaged in refining of crude oil and marketing of petroleum products, with a significant presence in the upstream and downstream sectors of the oil and gas industry. The company attained the coveted 'Maharatna' status, joining the elite club of companies having greater operational & financial autonomy. The Government of India holds 52.98% stake in BPCL as of 30 September 2024.

The company’s standalone net profit tumbled 71.80% to Rs 2,397.23 crore in Q2 FY25 as against Rs 8,501.17 crore posted in Q2 FY24. Net sales (excluding excise duty) fell marginally to Rs 1,02,790.39 crore in the September quarter from Rs 1,02,985.56 crore recorded in the corresponding quarter previous year.

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Bharat Petroleum Corporation Ltd fell for a fifth straight session today. The stock is quoting at Rs 289.8, down 1.09% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.48% on the day, quoting at 24219.25. The Sensex is at 80296.05, down 0.48%.Bharat Petroleum Corporation Ltd has gained around 0.8% in last one month.Meanwhile, Nifty Energy index of which Bharat Petroleum Corporation Ltd is a constituent, has eased around 1.51% in last one month and is currently quoting at 36375.4, down 0.95% on the day. The volume in the stock stood at 41.17 lakh shares today, compared to the daily average of 90.3 lakh shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 289.85, down 1.34% on the day. Bharat Petroleum Corporation Ltd jumped 28.87% in last one year as compared to a 12.89% rally in NIFTY and a 9.07% spurt in the Nifty Energy index.

The PE of the stock is 8.96 based on TTM earnings ending September 24.

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Bharat Petroleum Corporation Ltd is up for a fifth straight session today. The stock is quoting at Rs 307.05, up 1.17% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.12% on the day, quoting at 24640.75. The Sensex is at 81534.87, up 0.03%. Bharat Petroleum Corporation Ltd has slipped around 0.89% in last one month.

Meanwhile, Nifty Energy index of which Bharat Petroleum Corporation Ltd is a constituent, has slipped around 0.79% in last one month and is currently quoting at 37451.55, down 0.12% on the day. The volume in the stock stood at 53.87 lakh shares today, compared to the daily average of 89.97 lakh shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 307.05, up 1.19% on the day. Bharat Petroleum Corporation Ltd is up 37.21% in last one year as compared to a 17.86% jump in NIFTY and a 18.37% jump in the Nifty Energy index.

The PE of the stock is 9.27 based on TTM earnings ending September 24.

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The frontline indices traded with significant gains in mid-morning trade. The Nifty traded above the 24,400 level. Media shares witnessed buying demand for the seventh consecutive trading session.

At 11:26 IST, the barometer index, the S&P BSE Sensex jumped 565.92 points or 0.71% to 80,814.00. The Nifty 50 index rallied 156.15 points or 0.64% to 24,432.20.

In the broader market, the S&P BSE Mid-Cap index rose 0.66% and the S&P BSE Small-Cap index gained 0.93%.

The market breadth was strong. On the BSE, 2,719 shares rose and 1,048 shares fell. A total of 156 shares were unchanged.

The three-day meeting of the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) will begin from 4 December 2024 to 6 December 2024. The outcome of the meeting will be announced by RBI Governor Shaktikanta Das on 6 December 2024.

IPO Update:

The initial public offer (IPO) of Suraksha Diagnostic received bids for 47,79,788 shares as against 1,34,32,533 shares on offer, according to stock exchange data at 11:30 IST on 03 December 2024. The issue was subscribed 0.36 times.

The issue opened for bidding on 29 November 2024 and it will close on 3 December 2024. The price band of the IPO is fixed between Rs 420 to Rs 441 per share. An investor can bid for a minimum of 34 equity shares and in multiples thereof.

Buzzing Index:

The Nifty Media index jumped 2.45% to 2,066.65. The index surged 9.19% in seven consecutive trading sessions.

Zee Entertainment Enterprises (up 5.24%), Dish TV India (up 2.66%), Tips Music (up 2.40%), Den Networks (up 2.10%), Network 18 Media & Investments (up 2.09%), Hathway Cable & Datacom (up 2%), Nazara Technologies (up 1.96%), PVR Inox (up 1.2%), Sun TV Network (up 0.99%) and Saregama India (up 0.56%) advanced.

Stocks in Spotlight:

Bharat Petroleum Corporation (BPCL) shed 0.14%. The company announced that it has signed a non-binding memorandum of understanding (MoU) with Coal India on 2 December 2024 for setting up coal to SNG plant.

Protean eGov Technologies rose 0.96%. The firm announced that it has received a work order worth Rs 161 crore from the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) to maintain KYC records registry.

Global Markets:

Asian stocks advanced on Tuesday, buoyed by positive sentiment from the US stock market. Investors are gearing up for a flurry of economic data and commentary from Federal Reserve officials, which will shape expectations for future interest rate decisions.

The US dollar rebounded from a three-day decline following a stern warning from the incoming administration to BRICS nations.

In the US, the S&P 500 extended its record-breaking streak, climbing 0.24%. The Nasdaq 100 gained 1%, while Tesla shares retreated in after-hours trading after a Delaware judge rejected a generous compensation package for CEO Elon Musk. The Dow Jones Industrial Average dipped 0.29%.

Tesla shares surged over 3%, building on recent gains. This followed Roth MTM's upgrade to buy from neutral, which cited the potential benefits of the EV maker's CEO's close ties with the incoming administration.

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