Friday, February 1, 2008

BPCL slips after Q3 results

The results were announced after trading hours on Thursday, 31 January 2008.

Meanwhile, BSE Sensex was up 146.65 points or 0.83% to 17,795.36.

On BSE, 2767 shares were traded in the counter. The scrip had an average daily volume of 2.06 lakh shares in the past one quarter.

The stock hit a high of Rs 363 and a low of Rs 360 so far during the day. The stock had a 52-week high of Rs 560 on 4 January 2008 and a 52-week low of Rs 287.05 on 5 March 2007.

The mid-cap scrip had underperformed the market over the past one month till 31 January 2008, declining 29.52% compared to the Sensex`s decline of 13.76%. It had outperformed the market in the past one quarter, gaining 6.11% compared to Sensex`s decline of 11.65%.

The company`s current equity is Rs 361.54 crore. Face value per share is Rs 10.

The current price of Rs 363 discounts its Q3 December 2007 annualized EPS of Rs 32.23, by a PE multiple of 11.26.

Bharat Petroleum Corporation (BPCL)`s net sales rose 19.5% to Rs 28,928.40 crore in Q3 December 2007 over Q3 December 2006.

In November 2007, the company`s board approved the acquisition of 53.5 lakh shares or 2.5% of Oil India from Government of India in a pre-IPO placement.

BPCL`s principal activities are to refine and market petroleum, liquefied petroleum gas nd petrochemical products including middle distillates, light distillate, lubricants, benzene and toluene.

No comments: