Bharat Petroleum Corporation (BPCL) shares rose to an all-time high on Thursday, February 15, rising for a second straight session, following multiple block deals in the state-run oil marketing company. BPCL shares jumped as much as 3.7 per cent to a record Rs 647 apiece on BSE, surpassing an earlier peak of Rs 635 scaled last week.

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At 9:53 am, the BPCL stock held on firmly to the green with a gain of 2.6 per cent at Rs 640.1 apiece. 

Seventeen entities bought stakes in the company, including 13 lakh shares (representing 0.05 per cent of BPCL’s total equity) by Motilal Oswal Mutual Fund at Rs 584 per share, according to block deal data available on stock exchanges BSE.

On the other hand, BPCL ESPS Trust sold 68.36 lakh BPCL shares (0.31 per cent) at Rs 584 per share. 

BPCL Q3 results

Last month, the state-run oil marketing company reported a quarter-on-quarter fall of 60 per cent in standalone net profit to Rs 3,397.3 crore for the October-December period.

 

The OMC’s third-quarter revenue from operations increased to Rs 1,29,975.6 crore for the fiscal third quarter, from Rs 1,16,594.3 crore three months ago, according to a regulatory filing.

Also Read: BPCL hits new 52-week high as Q3 profit jumps 82% on year; Citi sees 14% upside

BPCL share price: Past performance 

In a year, BPCL shares have gained over 94 per cent, sharply outperforming a rise of more than 21 per cent in the headline Nifty50 index.

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