The stock finally ended at Rs 568 - up 1.5%. Around 225,236 shares were traded on the BSE today.
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(Updated at 1140 hrs)
Bharat Petroleum Corporation (BPCL) has gained 2% on hopes stake sale in subsidiary.
The stock opened at the day's high of Rs 580 - up 3.7% from the previous close. The stock is currently up 1.5% at Rs 568. Over 61,648 shares have been traded on the BSE so far.
The company is in talks with PE investors for stake sale in subsidiary, Bina refinery. BPCL and government-owned Oman Oil Company (OOC) jointly promoted the six-million-tonne per annum refinery.
BPCL is also in talks with OOC, which had expressed interest in picking up a 26 per cent stake in the refinery for around $250 million (Rs 1,200 crore) but has so far not increased its investment from the initial capital.
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