OMCs stock fall after reports that govt may sell stake in BPCL to IOC

Stocks in oil marketing companies (OMCs) such as Bharat Petroleum Corp (BPCL) Indian Oil Corp (IOC), and Hindustan Petroleum Corp (HPCL) slipped through morning-to-mid-session on Tuesday after reports said the govt may sell its complete stake worth over Rs40000-Cr in BPCL to IOC. 

At 1.20pm, the stock of IOC was trading near 3% lower at Rs117.75 per share on the NSE. The stock a high and low of Rs119.35 and Rs.116.25 respectively during mid-session.

Shares of BPCL was quoting 0.56% lower at Rs.353.05   whereas HPCL was trading a a minimum low lever at Rs259.50, down by 0.25%. In comparison, the NSE Nifty was trading 1.3% lower at 10,877 levels. 

Load More Stories:

Please follow and like us: