Fitch revises outlook on BPCL to Negative

Fitch Ratings has revised the outlook on BPCL to Negative from Stable and affirmed the long term Issuer Default Rating (!DR) at BBB- with the revision of the outlook on sovereign rating of India. The rating assigned by Fitch Ratings to BPCL is BBB-(Negative) in respect of Senior Unsecured Debt - Foreign Currency.

Shares of BHARAT PETROLEUM CORPORATION LTD. was last trading in BSE at Rs.385.3 as compared to the previous close of Rs. 380.35. The total number of shares traded during the day was 340030 in over 4747 trades.

The stock hit an intraday high of Rs. 389.1 and intraday low of 380. The net turnover during the day was Rs. 130946200.

Source : Equity Bulls

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