President of India-Backed Oil PSU To Declare Q3 Results, Dividend

Large cap Maharatna public sector undertaking (PSU) Bharat Petroleum Corporation Ltd (BPCL) shares declined 1.41% on Bombay Stock Exchange (BSE) at the time of writing the story ahead of quarterly results and dividend announcement. Current market price of BPCL shares on BSE today stood at Rs 276.25 per share.

The company has a market capitalisation of Rs 1,19,850.21 crore. It is worth mentioning here that President of India has 52.98% stake in BPCL. BPCL offers shareholders a dividend yield of 3.81%. Check key details below:

Bharat Petroleum Corporation Ltd To Consider Financial Results

As per the exchange filing of the company dated January 13, 2025, “this is to inform you that a meeting of the Board of Directors of Bharat Petroleum Corporation Limited will be held on Wednesday, 22nd January 2025, inter-alia, to consider and approve the unaudited financial results for the quarter ended 31st December 2024.”

BPCL To Declare Dividend Today

The company issued new update on Board meeting on January 17, 2025. According to the latest update, “in continuation of our letter dated 13th January 2025 and pursuant to Regulation 29(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the meeting of the Board of Directors scheduled on Wednesday, 22nd January 2025, will consider the proposal of declaration of interim dividend for the Financial Year 2024-25 and fixation of Record date for the same.”

BPCL Dividend History

According to a Trendlyne report, BPCL announced a total of 41 dividends since June 18, 2001. In last 1-year, BPCL announced an equity dividend amounting to Rs 10.50 per share. At the current share price of Rs 275.25 apiece, BPCL offers a dividend yield of 3.81%.

BPCL Shareholding Pattern

FII/FPI reduced holdings from 15.39% to 14.71% in December 2024 quarter. Number of FII/FPI investors surged from 1413 to 1399 in December 2024 quarter. Mutual Funds increased holdings from 10.90% to 11.49% in December 2024 quarter. Number of MF schemes also surged from 265 to 284 in December 2024 quarter.

Should You Buy BPCL Shares?

According to A R Ramachandran, SEBI registered Independent research analyst, “BPCL is bearish on the daily charts with strong resistance at 288. A Daily close below support of 274 could lead to a targets of 261-235 in the near term.”

BPCL Shares Performance

The 52-week high price of BPCL share on BSE stood at Rs 376.00 per share (as on 30/09/2024) and 52-week low price is Rs 230.08 per share (as on 23/01/2024), respectively. Bharat Petroleum shares witnessed surge of 3.76% in last 1-week, fell 14.21% in last 3-months, rallied 14.88% in last 1-year, and jumped 60.02% in last 2-years. In last 10-years, Bharat Petroleum Corporation Ltd shares gained 153.29%.

Bharat Petroleum Corporation About

BPCL, a Maharatna PSU, seeks to fulfill the energy requirements of the nation with a combined refining capacity of over 40 MMT through refineries in Mumbai, Kochi, Numaligarh and Bina, which are strategically located. One of the best in class & digitally enabled refineries with state-of-the-art technology, efficient operations and high standards of quality, safety, occupational health, environment protection and security, according to its official website.

Disclaimer

The stock has been picked from the brokerage report of A R Ramachandran. Moneydaily.in, the Author, and the respective Brokerage House will not be held accountable for any losses caused as a result of decisions based on the article. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.