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RK Singh, CMD, BPCL says, in an interview to CNBC-TV18, that the current diesel-price hike will cut underrecovery on diesel by Rs 3.
But if crude prices rise abnormally and exchange rates fluctuate, a hike in petrol prices is likely
BPCL stock price
On August 21, 2014, Bharat Petroleum Corporation closed at Rs 686.05, up Rs 17.75, or 2.66 percent. The 52-week high of the share was Rs 690.00 and the 52-week low was Rs 256.70.
The company's trailing 12-month (TTM) EPS was at Rs 70.90 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 9.68. The latest book value of the company is Rs 286.20 per share. At current value, the price-to-book value of the company is 2.40.
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Gung-ho over pharma; see BPCL rise 30-40% more: Dimensions