BPCL slips ex-dividend

BPCL fell 1.46% to Rs 998.05 at 14:22 IST on BSE as the stock turned ex-dividend for final dividend of Rs 15 per share for the year ended 31 March 2016.

Meanwhile, the S&P BSE Sensex was down 19.93 points or 0.07% at 26,823.10

On BSE, so far 44,250 shares were traded in the counter as against average daily volume of 84,979 shares in the past one quarter. The stock hit high of Rs 1,010 and low of Rs 992.10 so far during the day. The stock had hit a record high of Rs 1,032 on 3 June 2016. The stock had hit a 52-week low of Rs 732.20 on 23 February 2016. The stock had underperformed the market over the past one month till 3 June 2016, rising 5.93% compared with Sensex's 6.39% rise. The scrip, however, outperformed the market in past one quarter, gaining 28.15% as against Sensex's 9.09% rise.

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

Before turning ex-dividend, the BPCL stock offered a dividend yield of 1.48% based on the stock's closing price of Rs 1,012.85 on the BSE on Friday, 3 June 2016.

Shares of BPCL are currently trading cum bonus. The company had recommended a 1:1 bonus issue on 26 May 2016. The stock will go ex-bonus on 13 July 2016. BPCL has fixed 14 July 2016 as the record date for the bonus issue.

BPCL's net profit fell 10.6% to Rs 2549.08 crore on 13.6% decline in total income to Rs 44891.65 crore in Q4 March 2016 over Q4 March 2015.

BPCL is a state-run oil refining-cum-marketing company. The Government of India currently holds 54.93% stake in BPCL (as per the shareholding pattern as on 31 March 2016).

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