BPCL Share Price: Bharat Petroleum Corporations Limited (BPCL) stocks traded under pressure on Wednesday, November 9, as investors' sentiment turned negative following the release of the July-September quarter results. According to an exchange filing, the oil marketing company in the Q2FY23 posted a second consecutive quarterly loss.

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Earlier on Monday, BPCL had released its Q2 earnings wherein the company revealed that it posted a loss of Rs 304.17 crore. In the first quarter, it posted a loss of Rs 6,263.05 crore. This was the highest ever loss reported by BPCL for any six-month period, including the era when petrol and diesel prices were regulated and the government used to give subsidies to the three retailers.
 
The stock opened at Rs 311.10 apiece on the NSE. At 11:20, it quoted Rs 306, falling more than 1 per cent.

The combined loss for the first half of the current fiscal year that began on April 1 now stands at Rs 21,201.18 crore.

Following the poor Q2 results, brokerages have reduced their target on the counter:
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