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India s BPCL to invest $13 54bn to boost petrochemical production

India s BPCL to invest $13 54bn to boost petrochemical production
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Stocks in the news: Titan, NBCC, Magma Fincorp and Bharat Petroleum

Stocks in the news: Titan, NBCC, Magma Fincorp and Bharat Petroleum SECTIONS Last Updated: Feb 11, 2021, 08:03 AM IST Share Here are a few stocks which may buzz the most in today s trade. ITC, ACC, Ashok Leyland, MRF, Bayer Crop Science, Bosch, Piramal Enterprises and Petronet LNG are among the companies slated to report their Q3 earnings on Thursday. INSIGHTS NSE Explore Now Nifty futures on the Singapore Exchange traded 6.00 points, or 0.04 per cent, lower at 15,065.00 in signs that Dalal Street was headed for a muted start on Thursday. Here are a few stocks which may buzz the most in today s trade:

Stocks in news: Aurobindo Pharma, Titan, Crompton Greaves, Bank of India, Bharat Petroleum

Stocks in news: Aurobindo Pharma, Titan, Crompton Greaves, Bank of India, Bharat Petroleum Stocks to watch today on February 11: Aurobindo Pharma, Titan, Crompton Greaves, Bank of India, Bharat Petroleum among others are the top stocks to watch out for in Thursday s trading session BusinessToday.In | February 11, 2021 | Updated 09:30 IST Stocks to watch today: ITC, Coal India, Power Grid Corporation, ACC, Ashok Leyland, Ashapura Minechem, Atul Auto, Bajaj Hindusthan Sugar, Bayer Cropscience, Bosch are among the top companies that will be reporting their Q3 earnings Stocks to watch today: Here is a list of top stocks that are likely to be in focus in Thursday s trading session based on latest developments. Investors are also awaiting Q3 earnings that are scheduled to be released today. Companies set to announce their earnings are ITC, Coal India, Power Grid Corporation, ACC, Ashok Leyland, Ashapura Minechem, Atul Auto, Bajaj Hindustan Sugar, Bayer Cropscience, Bosch.

BPCL to buy balance stake in Bharat Oman Refineries

Bharat Petroleum Corporation (BPCL) on Thursday announced that the Board of Directors of the company has accorded its approval for acquisition of 888,613,336 (36.62%) of equity shares in Bharat Oman Refineries (BORL) from OQ S.A.O.C. BPCL said the Board of Directors has also approved the proposal to approach Government of Madhya Pradesh for acquiring 269,00,000 warrants held by the Government in Bharat Oman Refineries. BORL was incorporated on 25 February 1994 where BPCL holds 63.38% stake while OQ S.A.O.C holds 36.62% of the paid up share capital. The revenue from operations of BORL for the financial years in 2019-20 was Rs 41,940.96 crore, in 2018-19 it was Rs 31,597.59 crore and in 2017-18 was Rs 31,287.48 crore.

Indices pare losses; Nifty hovers above 13,700

Key barometers came off day s low in afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex, fell 62.28 points or 0.13% at 46,828.06. The Nifty 50 index slipped 39.10 points or 0.28% at 13,701.60. Shares witnessed profit selling after a five-day rising streak during which the Sensex added 2.02% while the Nifty gained 1.95%. The broader market underperformed the benchmark indices. The S&P BSE Mid-Cap index fell 0.44%. The S&P BSE Small-Cap index lost 0.32%. Sellers outpaced buyers. On the BSE, 1,072 shares rose and 1,790 shares fell. A total of 146 shares were unchanged. In Nifty 50 index, 25 stocks advanced while 25 stocks declined. Derivatives: The NSE s India VIX, a gauge of market s expectation of volatility over the near term, shed 0.13% to 19.13. The Nifty December 2020 futures were trading at 13,726.80, at a premium of 25.05 points compared with the spot at 13,701.75.

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