Support for BPCL at Rs 300: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Bharat Petroleum Corporation (BPCL) has a strong support at Rs 300. I would be very surprised if it breaks and goes below that."

At 12:05 hrs Bharat Petroleum Corporation was quoting at Rs 302.70, down Rs 13.15, or 4.16 percent. It has touched an intraday high of Rs 310.70 and an intraday low of Rs 301.15. The share touched its 52-week high Rs 449 and 52-week low Rs 256 on 21 January, 2013 and 06 August, 2013, respectively. Currently, it is trading 32.58 percent below its 52-week high and 18.24 percent above its 52-week low. Market capitalisation stands at Rs 21,887.76 crore. Also Read: Credit Suisse upgrades BPCL to 'outperform' Disclosure: I do not have any positions in the stock that we discussed.