BPCL down 2.4%, SCI slips 4% after Cabinet okays stake sale

Shares of Bharat Petroleum Corp Ltd (BPCLNSE -2.41 %), Shipping Corporation of India (SCI) and Container Corp of India were trading mixed in morning trade on Thursday after the Cabinet approved the sale of government’s stake in these blue chip public sector companies.

BPCL was down 2.41 per cent at Rs 531.50, while SCI traded nearly 4 per cent lower at Rs 65.65. However, Container Corporation (Concor) of India was up 0.53 per cent at Rs 581.

The government will sell its 53.29 per cent stake in BPCL after taking out Numaligarh refinery from its portfolio.