Bharat Petroleum Corporation Ltd Share Price (BPCL)

BPCL's Q3FY24 Revenue Declines, FII/FPI Increases Stake - 24 Apr, 2024

Bharat Petroleum Corporation Limited's revenue from operations declined by 3.8% in Q3FY24 compared to the previous quarter. However, FII/FPI increased their stake in the company by purchasing an additional 2.58%.

OMC Shares Gain, BPCL Closes Over 3% Higher - 23 Apr, 2024

Shares of oil marketing companies (OMCs) gained with Bharat Petroleum Corporation (BPCL) shares closing over 3% higher. HPCL shares have gained over 23% since the beginning of the year while BPCL and IOC shares have risen over 31% during the period.

BPCL Shares Surge Amid Bullish Run and Expansion Plans - 22 Apr, 2024

Bharat Petroleum Corporation Ltd (BPCL) shares have surged 69% YoY, with strong trading volumes. BPCL is also considering establishing a new facility to diversify its crude oil supply.

BPCL Shares Fall as Crude Oil Prices Rise - 19 Apr, 2024

Shares of Bharat Petroleum Corporation Ltd (BPCL) fell over 3% as Brent crude oil prices rose by 3%, leading to elevated input costs for OMCs. The government's measures prevent OMCs from passing on higher costs to consumers, which could weigh on their profit margins.

BPCL Shares Correct Due to Decline in Marketing Margins - 18 Apr, 2024

Shares of BPCL have corrected by 9-18% since mid-Feb due to a decline in marketing margins on petrol and diesel. Analysts at Motilal Oswal attribute this weakness to geopolitical headwinds, ongoing refining capacity maintenance, and elevated freight rates for oil transportation.

OMCs' Marketing Margins to be Squeezed by High Oil Prices - 16 Apr, 2024

Experts predict that high oil prices and low likelihood of higher retail prices will squeeze the marketing margins of state-owned OMCs, including Bharat Petroleum Corporation Ltd. BPCL shares have increased nearly 2% in the last month.

BPCL Q4 Net Profit Expected to Decline by 25.3% - 12 Apr, 2024

Prabhudas Lilladher expects BPCL's Q4 net profit to decline by 25.3% YoY to Rs. 4840 crore, with net sales expected to decrease by 10.5% YoY to Rs. 1,05,710 crore.

BPCL Shares Climb 3.87% Ahead of Q4 Results - 11 Apr, 2024

BPCL shares rose by 3.87%, reaching a high of Rs 608.25 ahead of the company's Q4 results. A domestic brokerage predicts a 16.7% YoY decline in standalone adjusted PAT, which would be Rs 6,525 crore. The hit on retail margin due to pump price cuts has cut down Q4FY24 PAT by 4-7%.

BPCL Shares Rise Amidst Falling Crude Prices - 10 Apr, 2024

Bharat Petroleum Corporation Ltd (BPCL) shares rose by almost 4% as Brent crude oil prices slipped below $90 a barrel. Analysts expect BPCL and other OMCs to lead the Q4 show for the Oil and Gas sector despite volatility in crude prices.

BPCL, HPCL & IOC Post Strong Profit Despite Rising Crude Prices - 09 Apr, 2024

Bharat Petroleum Corporation Ltd (BPCL), along with Indian Oil Corporation Ltd (IOC) and Hindustan Petroleum Corp Ltd (HPCL), reported a strong net profit of ₹69,000 crore for Apr-Dec 2023, despite the impact of rising crude prices on margins. Meanwhile, shares of these companies traded lower due to concerns over the effect of increasing crude prices on their margins.

Rising Crude Prices Affect BPCL Shares - 05 Apr, 2024

Bharat Petroleum Corporation Ltd (BPCL) shares are affected by the volatility in crude prices, with every $1 increase potentially denting margins by 30-40 paise per litre. The Brent crude price has risen from $77 a barrel in February to around $91 a barrel, increasing working capital requirements for import of crude oil.

BPCL Shares Decline Amid Oil Price Rally - 04 Apr, 2024

Bharat Petroleum Corporation Ltd (BPCL) shares decline up to 2.5% amid a persistent rally in oil prices and Kotak Equities' sell rating due to lack of pricing freedom. Delhi HC allows RIL to be made a party in a pipeline designation case. Consumers can check prices via SMS or mobile app.

BPCL Looks Stronger Than HPCL - 03 Apr, 2024

According to an analyst, BPCL looks stronger than HPCL as it has not fallen much from its life highs and is trading above its short-term moving averages. The stock could head up to 635-640 where there could be some resistance.

BPCL Cuts ATF Prices in Delhi and Mumbai - 01 Apr, 2024

Bharat Petroleum Corporation Ltd (BPCL) has reduced Aviation Turbine Fuel (ATF) prices in Delhi and Mumbai, while state-owned fuel retailers continue to revise cooking gas prices monthly.

Citi and Nomura Bullish on BPCL Stock - 27 Mar, 2024

Global brokerage Citi has reiterated its buy rating on oil marketing companies including BPCL, giving it a target price of Rs 750 apiece. Meanwhile, the BPCL stock gained for the fifth consecutive session, closing at Rs 606.80 on BSE.

Mixed News for Bharat Petroleum Corporation Ltd - 26 Mar, 2024

While Morgan Stanley prefers BPCL and IOC due to strong integrated margins, OMCs may not cut fuel prices further due to rising crude oil prices. Additionally, Bharat Petroleum has significant government ownership.