Disqus for www.money99.in

Thursday 9 June 2016

BPCL Shares Gain After RBI Raises FII Limit : 09 June 2016

Bharat Petroleum Corporation rose more than 2 % on Thursday after the Reserve bank of India allowed Foreign Institutional Investors (FIIs) to invest up to 49 % under the Portfolio Investment Scheme (PIS).

'Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 49 % of the paid-up capital of Bharat Petroleum Corporation Ltd. under the Portfolio Investment Scheme,' RBI said in a release.

The Reserve Bank has stated that the company has passed resolutions at its Board of Directors' level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares by FIIs/RFPIs.

The purchases could be made through primary market and stock exchanges.
Shares of the company were seen trading at Rs 1003, higher by 2.37 per cent on BSE at 1.20 pm IST. It touched an intra-day high of Rs 1005 during the trade.


Parag Patil is a technical analyst and trading system designer with stock excel programmer. I hope the articles and live chart of nse future and mcx on this Website will be as helpful and profitable to you . I try to update and post new articles tips everyday. My motto is to encourage the traders, so that they should able to understand the technique views behind the moment of stocks. I have deeply analyzed with many technical indicator with parameter and added to my amibroker afl. And even taken backtest report which is never being implemented. Any of the analyst expect me. Seeing all this you may understand that my views is more technical than commercial. If you are profited by my views I fill happy.

0 comentários:

Dear Friends,
Sorry to say that you are suffered for the chart initially available, now they are restored and you can very well see the chart on money99.org similar to money99.in.
And all of you are intimated that we are going to develop more and more in money99.org to facilitate your dreamy demands.

Disqus for www.money99.in

Recent Posts

© Copyright 2015 Money99. Designed by Parag Patil