Bharat Petroleum Corporation Limited (BPCL) saw its market capitalization drop by approximately ₹5,520 crore as its shares declined by 4.07% today, trading at ₹300.25 on NSE. The stock, which opened at ₹313.00, recorded a day’s low of ₹300.00, reflecting the investor concerns surrounding the company.
BPCL, one of India’s leading oil marketing and refining companies, has been facing market pressures amidst fluctuating global oil prices and domestic policy changes affecting the refining and marketing sector. The recent share price movement follows concerns in the broader market and sector-specific challenges that may impact BPCL’s operations and profitability.
The company’s total market capitalization now stands at ₹1,30,263.63 crore, marking a significant dip as the stock trades near its lower band.
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