Oil and Gas shares fall business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Energy stocks slide business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Read more about Oil and Gas stocks tumble on Business Standard. Oil and Gas stocks were trading with losses, with the S&P BSE Oil&Gas index decreasing 495.2 points or 3.03% at 15855.63 at 13:48 IST.
Bharat Petroleum plunge 5% amid reports of the company selling 4% of treasury shares
IANSMar 9, 2021, 16:16 IST
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Bharat Petroleum Corporation Ltd (
BPCL) falling over 5 per cent.
At 2.16 p.m., BPCL shares on the BSE were trading at ₹441.05, lower by ₹25.95 or 5.56 per cent from its previous close. Its shares fell amid reports of the company selling 4 per cent of treasury shares worth ₹3,774 crore in a bulk deal.
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Indian Oil Corporation Ltd (
IOCL) trading 3.67 per cent lower at ₹99.75 per share. Hindustan Petroleum Corporation s (
HPCL) shares were trading at ₹234.60, lower by 3.62 per cent from its previous close.
Further, revenues of OMCs are likely to remain under pressure for some time now as official sources indicated that with fuel price rise becoming an election issue, the Centre would not like to further escalate the matter with more increases in the auto fuel prices required in the wake of firming of prices in the global oil
Shares of oil marketing cos plunge, BPCL down 5% prokerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prokerala.com Daily Mail and Mail on Sunday newspapers.