Shares of Bharat Petroleum Corporation Limited climbed over 3 percent intraday high after the Company reported its earning results of Q3FY20 and posted a big boost in profit of Rs.2,051.43-Cr in the Q3FY20.
In comparison, the Company had posted a net profit of Rs698.62cr in the corresponding quarter last year.Avail Nifty trading tips from our experts.
However, according to the results, the operating revenue of the Company declined to Rs.85,926.70-cr in Q3FY2020 from Rs.89324.86-Cr in comparison with the previous year. Bharat Petroleum Corporation said in the stock exchange filing.
As a reaction to this result, the stock of Bharat Petroleum Corporation climbed on the bourses. The stock a-day-after the announcement of the result, touched an intraday high of Rs484.50, up by 3 percent on the NSE on Friday.
At 11.45-hrs, the Sensex traded lower at 41405, down by 54 points and the Nifty scaled at 12157, down by 17 points. In comparison, BPCL share quoted at Rs.482.80-apiece, higher by Rs.13.80 or 2.94 percent, as compared to the previous closing of Rs.469.00 on the NSE.
The Nifty energy index, in which BPCL is a constituent, meantime slipped marginally lower at 15,152.85, BPCL followed by HPCL and IOC were three toppers in the Nifty Energy index.