Results reaction: DLF slips, BPCL soars on BSE

Realty giant DLF today slid over two per cent in the early session on BSE after posting a five per cent dip in its September quarter consolidated net profit, while the oil and gas major BPCL jumped nearly three per cent on smart earnings.

DLF share opened on a subdued note in the morning trade and fell by 2.33 per cent to an early low of Rs 354 on the Bombay Stock Exchange.

Yesterday, the company had reported a five per cent decline in its consolidated net profit at Rs 418.38 crore for the quarter ended September, against Rs 439.74 crore in the year-ago period.

 

On the contrary, state-owned Bharat Petroleum Corp Ltd (BPCL) scrip surged by 3.83 per cent to its month-high of Rs 784.75 on BSE after the company posted a net profit of Rs 2,142.22 crore for the July-September quarter of the year.

BPCL had a loss of Rs 158.77 crore in the year-ago period.

Meanwhile, the 30-share benchmark Sensex was trading flat at 20,876.14.