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Bharat Petroleum Corporation Ltd is up for a third straight session today. The stock is quoting at Rs 255.79, up 2.35% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.3% on the day, quoting at 22369.85. The Sensex is at 73869.34, up 1.2%. Bharat Petroleum Corporation Ltd has slipped around 2.57% in last one month.
Meanwhile, Nifty Energy index of which Bharat Petroleum Corporation Ltd is a constituent, has slipped around 5.96% in last one month and is currently quoting at 30239.15, up 2.81% on the day. The volume in the stock stood at 49.26 lakh shares today, compared to the daily average of 75.31 lakh shares in last one month.
The benchmark March futures contract for the stock is quoting at Rs 256.71, up 2.2% on the day. Bharat Petroleum Corporation Ltd is down 19.86% in last one year as compared to a 0.46% slide in NIFTY and a 23.15% slide in the Nifty Energy index.
The PE of the stock is 7.02 based on TTM earnings ending December 24.
Bharat Petroleum Corporation Ltd fell for a fifth straight session today. The stock is quoting at Rs 237.75, down 2.86% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.84% on the day, quoting at 22131.1. The Sensex is at 73247.33, down 1.83%.Bharat Petroleum Corporation Ltd has eased around 7.49% in last one month.Meanwhile, Nifty Energy index of which Bharat Petroleum Corporation Ltd is a constituent, has eased around 8.09% in last one month and is currently quoting at 30659.25, down 2.25% on the day. The volume in the stock stood at 52.96 lakh shares today, compared to the daily average of 84.15 lakh shares in last one month.
The benchmark March futures contract for the stock is quoting at Rs 238.9, down 2.89% on the day. Bharat Petroleum Corporation Ltd tumbled 21.26% in last one year as compared to a 0.67% rally in NIFTY and a 22.84% fall in the Nifty Energy index.
The PE of the stock is 6.87 based on TTM earnings ending December 24.
Bharat Petroleum Corporation (BPCL) has entered into Memorandum of Understanding (MoU) with the National Sugar Institute (NSI) in Kanpur to collaboratively develop sweet sorghum as an eco-friendly feedstock for bioethanol production. This strategic alliance supports India's Ethanol Blended Petrol (EBP) Programme and aligns with the government's objectives to promote biofuels and diminish reliance on fossil fuels.
BPCL has pledged Rs 5 crore to support research and development initiatives within this partnership. The funding will optimise sweet sorghum yields, enhance agricultural practices, and create efficient juice extraction and fermentation methods to boost ethanol production. Additionally, this collaboration will examine the use of leftover biomass for compressed biogas (CBG) and other value-added applications, promoting a comprehensive approach to bioenergy use.
This significant development marks a major milestone in the ongoing efforts to diversify India's crude oil sources and strengthen energy cooperation with Brazil. The contract, initially valid for one year with an option to extend for another year, will ensure a stable and reliable supply of crude oil to BPCL's refineries, reinforcing the long-standing partnership between the two companies.
G. Krishnakumar, Chairman & Managing Director, BPCL, said, 'This agreement with Petrobras marks a significant step in BPCL's strategy to secure stable, competitive and diversified crude supplies. Strengthening our crude sourcing from Brazil aligns with our long-term vision of enhancing energy security for India. Our partnership with Petrobras also reflects our commitment to deepening global collaborations and adapting to the evolving dynamics of the energy sector.'