Bharat Petroleum Corp's profits have jumped 95%
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BPCL also received 203 crore rupees as subsidy from ONGC and 404 crore rupees from the government as subsidy during the first quarter.
The subsidy amount took a sheen of the overall earnings, resulting in the stock trading 0.2 percent lower at 883.70 on the National Stock Exchange where 14.4 lakh shares were traded compared with 19.5 lakh shares, its 5-day average.
BPCL's market capitalisation has surged 46 percent to 64,560 crore rupees as investors bought into oil refiners following the drop in crude oil prices.
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Image credit: Indiatimes
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