Bharat Petroleum Corporation Ltd drops for fifth straight session

Bharat Petroleum Corporation Ltd fell for a fifth straight session today. The stock is quoting at Rs 325.9, down 3.03% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.06% on the day, quoting at 25392.05. The Sensex is at 83172.83, up 0.27%.Bharat Petroleum Corporation Ltd has eased around 6.73% in last one month.Meanwhile, Nifty Energy index of which Bharat Petroleum Corporation Ltd is a constituent, has eased around 2.88% in last one month and is currently quoting at 42350.7, down 0.18% on the day. The volume in the stock stood at 62.9 lakh shares today, compared to the daily average of 123.43 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 327.4, down 2.7% on the day. Bharat Petroleum Corporation Ltd jumped 84.88% in last one year as compared to a 27.59% rally in NIFTY and a 54.06% spurt in the Nifty Energy index.

The PE of the stock is 7.18 based on TTM earnings ending June 24.