BPCL gains after two block deals

BPCL rose 1.75% to Rs 310.45 at 15:15 IST on BSE after two block deals aggregating 2 lakh shares were executed on BSE at Rs 310 per share.

One block deal of 1 lakh shares was executed at 13:07 IST while another block deal of 1 lakh shares was executed at 14:09 IST.

The two block deals constitute 0.02% of BPCL's equity.

Meanwhile, the S&P BSE Sensex was up 50.74 points or 0.26% at 19,906.98.

On BSE, 2.56 lakh shares were traded in the counter as against average daily volume of 1.28 lakh shares in the past one quarter.

The stock hit a high of Rs 311.90 and a low of Rs 304.30 so far during the day. The stock had hit a record high of Rs 449 on 21 January 2013. The stock had hit a 52-week low of Rs 256 on 6 August 2013.

The stock had underperformed the market over the past one month till 25 September 2013, gaining 1.46% compared with the Sensex's 7.22% rise. The scrip had also underperformed the market in past one quarter, declining 11.73% as against Sensex's 6.59% rise.

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

BPCL reported a net profit of Rs 150.32 crore in Q1 June 2013, as against net loss of Rs 8836.75 crore in Q1 June 2012. Net sales rose 7.7% to Rs 58705.28 crore in Q1 June 2013 over Q1 June 2012.

The Government of India (GoI) holds 54.93% stake in BPCL (as per the shareholding pattern as on 30 June 2013).

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