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Business / Fri, 21 Jun 2024 NDTV Profit

BPCL Shares Gain After Turning Ex-Date For Bonus Issue

Shares of BPCL rose as much as 1.88% to Rs 319 apiece, the highest level since May 29. It erased gains to trade 1.32% lower at Rs 309.00 apiece as of 12:34 p.m. The total traded volume so far today was 3.0 times its 30-day average. Out of 33 analysts tracking the company, 18 maintain a 'buy' rating, five recommend a 'hold,' and 10 suggest a 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 75.5%.

Shares of BPCL rose as much as 1.88% to Rs 319 apiece, the highest level since May 29. It erased gains to trade 1.32% lower at Rs 309.00 apiece as of 12:34 p.m. This compares to a 0.20% decline in the NSE Nifty 50 Index.

The stock has risen by 65.77% in the last 12 months. The total traded volume so far today was 3.0 times its 30-day average. The relative strength index was 49.91.

Out of 33 analysts tracking the company, 18 maintain a 'buy' rating, five recommend a 'hold,' and 10 suggest a 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 75.5%.

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