BPCL - Rs. 58 Dividend Ex Date - Stake Sale Countdown Begins

By Research Desk
about 3 years ago

BPCL having announced dividend of Rs. 58 ( Rs. 35 Special Dividend and Rs. 23 Final Dividend for FY 21) is going ex dividend from Thursday 16th Sept 21. AGM of BPCL is scheduled on 27th Sept 21. Hence, share of BPCL will remain in news for Sept F&O Series, which is of 5 weeks. Share price which is now ruling at Rs. 463, will get reduced by Rs. 58, to around Rs. 403.

Infact, Govt having amended rules to allow 100% FDI in Oil & Gas sector, in last week of July, as also, with accounts of FY 21 to get adopted, with Q1 FY22 numbers having already declared, is seen a stage set for strategic sale of 53% stake held by the Govt. Hence, financial bids are likely to get invited in early October, in which Vedanta is seen a front runner.

Our expected valuations of BPCL, with expected bid price per share, with its effect of open offer, has already been narrated in our BG Section Call given to our members.

This is not a Buy recommendation, while stock recommendations are provided exclusively to our paid members in the Member Zone.

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