BPCL advances after turnaround Q3 result

BPCL gained 3.42% to Rs 731.50 at 14:01 IST on BSE after the company reported net profit of Rs 551.16 crore in Q3 December 2014 as compared to net loss of Rs 1088.94 crore in Q3 December 2013.

The result was announced during trading hours today, 13 February 2015.

Meanwhile, the S&P BSE Sensex was up 242.25 points or 0.84% at 29,047.35

On BSE, so far 3.64 lakh shares were traded in the counter as against average daily volume of 1.34 lakh shares in the past one quarter.

The stock hit a high of Rs 732.85 and a low of Rs 693 so far during the day. The stock had hit a record high of Rs 784.50 on 28 November 2014. The stock had hit a 52-week low of Rs 345.20 on 20 February 2014.

The large-cap PSU oil marketing company has equity capital of Rs 723.08 crore. Face value per share is Rs 10.

BPCL's total income fell 10.38% to Rs 58265 crore in Q3 December 2014 over Q3 December 2013.

The Government of India holds 54.93% stake in the firm as at 31 December 2014.

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