How will BPCL stock & F&O strikes adjust to the mega dividend

NEW DELHI: The recent rise in BPCL NSE 0.76 % shares was partly due to expectations of the company announcing strong dividends. The oil marketing company (OMC) did deliver dividends that exceeded analyst estimates.

Analysts now say the larger-than-expected dividend payout could be a sign that the government is getting ready for the much-awaited divestment of the oil PSU. Given the size of the dividend, there would be adjustment in strike prices in options segment of the BPCL stock, they said.