BPCL touched a high of Rs 579 - up over 3% from the day's low. The stock finally ended with a gain of 2% at Rs 575. The counter clocked thin volumes of 95,554 shares on the BSE today, as compared to its two-week daily average trade of 188,484 shares.
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(Updated at 1152 hrs)
Bharat Petroleum Corporation (BPCL) is expecting to receive oil bonds worth Rs 2,500 crore from the Finance Ministry for selling petrol, diseal, kerosene and LPG at below market rates.
The stock opened at Rs 563, touched a low of Rs 560 and soared to a high of Rs 574, up 2% from the previous close. The counter has clocked volumes of 42,623 shares on the BSE and the scrip has soared 15% in a month.
The company presently owns oil bonds worth Rs 10,100 crore. The company loses Rs 146 per 14.2 kg LPG cylinder, while on per litre of kerosene it incurs a loss of Rs 16.
