A steep correction in stock markets, as well as in crude oil prices, may not be good news for the government’s plan to divest Bharat Petroleum Corporation (BPCL). The BPCL stock, which had seen a high of Rs 549.70 in November outperforming markets on expectations of value unlocking with the government selling its majority stake and garnering high valuations, however, has continued corrected thereafter.
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First Published: Mon, March 09 2020. 19:49 IST