Shares of Bharat Petroleum Corporation Ltd (BPCL) rallied more than 4 per cent on Thursday a day after BPCL ESPS Trust sold shares of the state-owned company in a block deal. BPCL shares advanced 4.43 per cent to Rs 651.25 apiece on the BSE.
The stock of the company jumped 4.41 per cent to Rs 651.15 per piece on the NSE. In the intra-day trade, the scrip of state-run oil marketing company hit a 52-week high of Rs 651.80 and Rs 651.65 apiece on the BSE and NSE, respectively.
The 30-share BSE Sensex gained 24.05 points or 0.03 per cent to 71,846.88 points, while NSE Nifty advanced 0.12 per cent to 21,865.85 points. On Wednesday, BPCL ESPS Trust divested a 0.31 per cent stake in BPCL for Rs 399.28 crore through open market transactions.
