Bharat Petroleum Corporation Ltd fell for a fifth straight session today. The stock is quoting at Rs 289.8, down 1.09% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.48% on the day, quoting at 24219.25. The Sensex is at 80296.05, down 0.48%.Bharat Petroleum Corporation Ltd has gained around 0.8% in last one month.Meanwhile, Nifty Energy index of which Bharat Petroleum Corporation Ltd is a constituent, has eased around 1.51% in last one month and is currently quoting at 36375.4, down 0.95% on the day. The volume in the stock stood at 41.17 lakh shares today, compared to the daily average of 90.3 lakh shares in last one month. The benchmark December futures contract for the stock is quoting at Rs 289.85, down 1.34% on the day. Bharat Petroleum Corporation Ltd jumped 28.87% in last one year as compared to a 12.89% rally in NIFTY and a 9.07% spurt in the Nifty Energy index.The PE of the stock is 8.96 based on TTM earnings ending September 24.Powered by Capital Market - Live

Bharat Petroleum Corporation Ltd is up for a fifth straight session today. The stock is quoting at Rs 307.05, up 1.17% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.12% on the day, quoting at 24640.75. The Sensex is at 81534.87, up 0.03%. Bharat Petroleum Corporation Ltd has slipped around 0.89% in last one month. Meanwhile, Nifty Energy index of which Bharat Petroleum Corporation Ltd is a constituent, has slipped around 0.79% in last one month and is currently quoting at 37451.55, down 0.12% on the day. The volume in the stock stood at 53.87 lakh shares today, compared to the daily average of 89.97 lakh shares in last one month. The benchmark December futures contract for the stock is quoting at Rs 307.05, up 1.19% on the day. Bharat Petroleum Corporation Ltd is up 37.21% in last one year as compared to a 17.86% jump in NIFTY and a 18.37% jump in the Nifty Energy index.The PE of the stock is 9.27 based on TTM earnings ending September 24.Powered by Capital Market - Live

The frontline indices traded with significant gains in mid-morning trade. The Nifty traded above the 24,400 level. Media shares witnessed buying demand for the seventh consecutive trading session. At 11:26 IST, the barometer index, the S&P BSE Sensex jumped 565.92 points or 0.71% to 80,814.00. The Nifty 50 index rallied 156.15 points or 0.64% to 24,432.20. In the broader market, the S&P BSE Mid-Cap index rose 0.66% and the S&P BSE Small-Cap index gained 0.93%. The market breadth was strong. On the BSE, 2,719 shares rose and 1,048 shares fell. A total of 156 shares were unchanged. The three-day meeting of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) will begin from 4 December 2024 to 6 December 2024. The outcome of the meeting will be announced by RBI Governor Shaktikanta Das on 6 December 2024. IPO Update: The initial public offer (IPO) of Suraksha Diagnostic received bids for 47,79,788 shares as against 1,34,32,533 shares on offer, according to stock exchange data at 11:30 IST on 03 December 2024. The issue was subscribed 0.36 times. The issue opened for bidding on 29 November 2024 and it will close on 3 December 2024. The price band of the IPO is fixed between Rs 420 to Rs 441 per share. An investor can bid for a minimum of 34 equity shares and in multiples thereof. Buzzing Index: The Nifty Media index jumped 2.45% to 2,066.65. The index surged 9.19% in seven consecutive trading sessions. Zee Entertainment Enterprises (up 5.24%), Dish TV India (up 2.66%), Tips Music (up 2.40%), Den Networks (up 2.10%), Network 18 Media & Investments (up 2.09%), Hathway Cable & Datacom (up 2%), Nazara Technologies (up 1.96%), PVR Inox (up 1.2%), Sun TV Network (up 0.99%) and Saregama India (up 0.56%) advanced. Stocks in Spotlight: Bharat Petroleum Corporation (BPCL) shed 0.14%. The company announced that it has signed a non-binding memorandum of understanding (MoU) with Coal India on 2 December 2024 for setting up coal to SNG plant. Protean eGov Technologies rose 0.96%. The firm announced that it has received a work order worth Rs 161 crore from the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) to maintain KYC records registry. Global Markets: Asian stocks advanced on Tuesday, buoyed by positive sentiment from the US stock market. Investors are gearing up for a flurry of economic data and commentary from Federal Reserve officials, which will shape expectations for future interest rate decisions. The US dollar rebounded from a three-day decline following a stern warning from the incoming administration to BRICS nations. In the US, the S&P 500 extended its record-breaking streak, climbing 0.24%. The Nasdaq 100 gained 1%, while Tesla shares retreated in after-hours trading after a Delaware judge rejected a generous compensation package for CEO Elon Musk. The Dow Jones Industrial Average dipped 0.29%. Tesla shares surged over 3%, building on recent gains. This followed Roth MTM's upgrade to buy from neutral, which cited the potential benefits of the EV maker's CEO's close ties with the incoming administration.Powered by Capital Market - Live

Under the MoU, both the companies will explore the establishment of a coal-to-synthetic natural gas (SNG) project at Western Coalfields through surface coal gasification. Bharat Petroleum Corporation (BPCL) is the second largest Indian oil marketing company (OMC), engaged in refining of crude oil and marketing of petroleum products, with a significant presence in the upstream and downstream sectors of the oil and gas industry. The company attained the coveted 'Maharatna' status, joining the elite club of companies having greater operational & financial autonomy. The Government of India holds a 52.98% stake in BPCL as of 30 September 2024. Coal India is a coal mining company engaged in the production and sale of coal. As of 30 September 2024, the Government of India held a 63.13% stake in the company. Shares of Bharat Petroleum Corporation rose 0.07% to Rs 294.50, while shares of Coal India gained 0.34% to Rs 418.05 on the BSE.Powered by Capital Market - Live

Bharat Petroleum Corporation and Coal India have executed a Non-Binding Memorandum of Understanding (MoU) on 2 December 2024 in Mumbai to explore setting up of Coal to Synthetic Natural Gas Project at Western Coalfields (WCL) through Surface Coal Gasification. Powered by Capital Market - Live

Bharat Petroleum Corporation announced that consequent to completion of tenure, Pradeep Vishambhar Agrawal, Ghanshyam Sher, Dr. Aiswarya Biswal, Prof. Bhagwati Prasad Saraswat and Gopal Krishan Agarwal, Independent Directors have ceased to be the Directors of the Company with effect from 12 November 2024.Powered by Capital Market - Live

Net profit of Bharat Petroleum Corporation declined 72.13% to Rs 2297.23 crore in the quarter ended September 2024 as against Rs 8243.55 crore during the previous quarter ended September 2023. Sales declined 0.25% to Rs 102785.27 crore in the quarter ended September 2024 as against Rs 103044.37 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales102785.27103044.37 0 OPM %4.3912.56 - PBDT4947.6212726.00 -61 PBT3168.9911120.73 -72 NP2297.238243.55 -72 Powered by Capital Market - Live

Net profit of Bharat Petroleum Corporation declined 71.80% to Rs 2397.23 crore in the quarter ended September 2024 as against Rs 8501.17 crore during the previous quarter ended September 2023. Sales declined 0.19% to Rs 102790.39 crore in the quarter ended September 2024 as against Rs 102985.56 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales102790.39102985.56 0 OPM %4.4212.53 - PBDT4966.5212911.62 -62 PBT3193.6111311.81 -72 NP2397.238501.17 -72 Powered by Capital Market - Live

Net sales (excluding excise duty) fell marginally to Rs 1,02,790.39 crore in the September quarter from Rs 1,02,985.56 crore recorded in the corresponding quarter previous year. Profit before tax (PBT) was at Rs 3,193.61 crore in the second quarter of FY25, fell 71.76% as compared with Rs 11,311.81 crore reported in Q2 FY24. Total expenses increased by 9.04% YoY to Rs 1,15,647.70 crore in Q2 FY25. Cost of materials consumed was at Rs 57,604.14 crore (up 15.74% YoY) while employee benefits expense stood at Rs 768.91 crore (up 1.30% YoY) during the period under review. In Q2 FY25, the refinery throughput was at 10.28 metric million tonnes (MMT), up 9.94% from 9.35 MMT posted in Q2 FY24. Market sales grew by 1.64% to 12.39 MMT in Q2 FY25 as against 12.19 MMT reported in Q2 FY24. Sales growth tumbled to 1.64% in the second quarter of FY25 as compared to 6.56% reported in Q2 FY24. Export sales added 25% to 0.40 MMT in Q2 FY25 from 0.32 MMT registered in Q2 FY24. The average gross refining margin (GRM) of the corporation for the quarter ended 30 September 2024 is $ 6.12 per barrel as compared to $15.42 per barrel recorded in Q2 FY24. This is before factoring the impact of Special Additional Excise Duty and Road & Infrastructure Cess, levied with effect from 1 July 2022. The market sales of the corporation for the quarter ended 30 September 2024 was 12.39 MMT as compared to 12.19 MMT for the quarter ended 30 September 2023. Increase is mainly in MS-Retail (6.38%), LPG (4.45%) and ATF (14.53%). The market sales of the state-owned corporation stood at 12.39 mmt in the reporting quarter compared to 12.19 mmt in the September 2023 quarter. Bharat Petroleum Corporation (BPCL) is the second largest Indian oil marketing company (OMC), engaged in refining of crude oil and marketing of petroleum products, with a significant presence in the upstream and downstream sectors of the oil and gas industry. The company attained the coveted 'Maharatna' status, joining the elite club of companies having greater operational & financial autonomy. The Government of India holds 52.98% stake in BPCL as of 30 September 2024.Powered by Capital Market - Live

The Board of Bharat Petroleum Corporation at its meeting held on 25 October 2024 has decided not to pursue raising of Capital through Rights Issue owing to improved internal generation of funds and also the communication received from MoP&NG regarding non allocation of funds for capital support of Oil Marketing Companies (OMCs) in the budget 2024-25 and hence Government of India's non participation in the issue.Powered by Capital Market - Live