Trending stocks: BPCL shares gain 1% ahead of Q4 earnings

NEW DELHI: Shares of Bharat Petroleum Corporation Ltd. traded 0.89 per cent up in Wednesday's trade at 10:29AM (IST). Around 81,308 shares changed hands on the counter.

The stock opened at Rs 343.0 and touched an intraday high and low of Rs 346.75 and Rs 339.45, respectively, in the session so far. Shares of the company of Bharat Petroleum Corporation Ltd. quoted a 52-week high of Rs 549.7 and a 52-week low of Rs 252.0.

Total market cap of the Bharat Petroleum Corporation Ltd. stood at Rs 75142.92 crore at the time of writing this report.


BPCL will announce its March quarter results on Wednesday.


Key Financials
The company reported consolidated sales of Rs 74959.18 crore for the quarter ended 31-Dec-2019, up 16.6 per cent from previous quarter's Rs 64289.5 crore and up 5.95 per cent from the year-ago quarter's Rs 79698.52 crore.

The net profit for latest quarter stood at Rs 1776.35 crore, up 239.47 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 12.8 per cent stake in the company, while foreign institutional investors held 12.28 per cent and the promoters 52.98 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 9.62 and a price-to-book ratio of 1.67. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Bharat Petroleum Corporation Ltd. belongs to the Oil Refining & Marketing industry.