BPCL vows up to Rs 1.7 lakh crore capex investment in 5 years; shares jump 5%

Shares of Bharat Petroleum Corporation (BPCL) jumped over 5% to hit a 52-week high of Rs 517.85 on the NSE on Tuesday, extending its gains to the second session and up to 9% following the fuel retailer’s December quarter earnings on Monday during market hours.

The stock rallied following its post-earnings conference call held on Tuesday, where BPCL management announced that it planned to invest between Rs 1.5-1.7 lakh crore in capex over the next 5 years.