{"id":395466,"date":"2021-01-15T10:20:47","date_gmt":"2021-01-15T04:50:47","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=395466"},"modified":"2021-01-15T10:20:47","modified_gmt":"2021-01-15T04:50:47","slug":"govt-suspects-attempt-to-deflate-bpcl-share-price","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/govt-suspects-attempt-to-deflate-bpcl-share-price\/","title":{"rendered":"Govt suspects attempt to deflate BPCL share price"},"content":{"rendered":"<p>The Centre suspects that Bharat Petroleum Corp. Ltd\u2019s (BPCL\u2019s) share price is being manipulated as it prepares to divest its controlling stake in the state-run firm, said two government officials.<\/p>\n<p>The concerns over stock price manipulation of India\u2019s second-largest fuel retailer have been discussed within the government, considering that its privatization is a key milestone in the Centre\u2019s \u20b92.1 trillion divestment target for 2020-21. \u201cSomeone is playing the market to keep BPCL\u2019s share price down. This concern has been discussed within the government,&#8221; one of the officials said, requesting anonymity.<\/p>\n<p>The BPCL stock has underperformed benchmarks despite markets hitting new highs. However, stocks of some other state-run companies have also been underperforming the broader markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Centre suspects that Bharat Petroleum Corp. Ltd\u2019s (BPCL\u2019s) share price is being manipulated as it prepares to divest its controlling stake in the state-run firm, said two government officials. The concerns over stock price manipulation of India\u2019s second-largest fuel retailer have been discussed within the government, considering that its privatization is a key milestone in the Centre\u2019s \u20b92.1 trillion divestment target for 2020-21. \u201cSomeone is playing the market to keep BPCL\u2019s share price down. This concern has been discussed within the government,&#8221; one of the officials said, requesting anonymity. The BPCL stock has underperformed benchmarks despite markets hitting new [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-395466","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/395466","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=395466"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/395466\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=395466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=395466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=395466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}