BPCL cracks over 3% as RIL, other majors give bidding a skip

Shares of Bharat Petroleum Corporation Limited NSE -3.51 % (BPCL) cracked over 3 per cent in Tuesday’s trade after reports suggested that the government on Monday received ‘multiple’ bids for buying out its stake in India’s second-biggest fuel retailer BPCL but billionaire Mukesh Ambani’s Reliance Industries (RIL) as well as Saudi Aramco, BP and Total did not make a bid.

The scrip traded 3.62 per cent down at Rs 397.70, while the benchmark BSE Sensex was up 0.24 per cent at 43,742.