Key Events This Week
2 Feb: Stock opens at Rs.366.65, outperforms Sensex despite broader market weakness
4 Feb: Technical momentum shifts signal bullish outlook
5 Feb: Hits new 52-week and all-time high of Rs.391.85
6 Feb: Week closes at Rs.386.10, up 6.07% for the week
2 February: Outperformance Amid Market Weakness
BPCL began the week on a positive note, closing at Rs.366.65, up 0.73% on the day, while the Sensex declined 1.03% to 35,814.09. This divergence highlighted early buying interest in the stock despite broader market pressures. The volume of 528,264 shares traded indicated healthy participation, setting the tone for the week ahead.
3 February: Strong Rally Alongside Market Recovery
The stock gained further momentum on 3 February, rising 1.80% to close at Rs.373.25. This advance coincided with a robust Sensex rally of 2.63%, which closed at 36,755.96. BPCL’s gains were supported by sustained volume of 476,576 shares, reflecting continued investor confidence. The stock’s price approached its 52-week high, signalling strengthening technical momentum.
4 February: Technical Momentum Shifts Signal Bullish Outlook
On 4 February, BPCL’s price surged 2.46% to Rs.382.45, outpacing the Sensex’s modest 0.37% gain. This day marked a pivotal technical shift as multiple indicators aligned to signal a bullish trend. The stock traded comfortably above all key moving averages, with Bollinger Bands expanding on weekly and monthly charts, indicating strong buying pressure. Although some momentum oscillators showed mixed signals, the overall technical upgrade to a bullish trend was confirmed, supported by a MarketsMOJO score upgrade to 87.0 and a Strong Buy rating.
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5 February: New 52-Week and All-Time Highs Amid Strong Fundamentals
BPCL reached a significant milestone on 5 February, hitting an intraday and closing high of Rs.391.85, marking both a new 52-week and all-time high. The stock closed up 0.60% on the day at Rs.381.75, despite a 0.53% decline in the Sensex. This marked the fourth consecutive day of gains, cumulatively delivering an 8.32% return over this period. The stock’s price remained well above all major moving averages, underscoring strong technical momentum.
Financially, BPCL reported record quarterly results for December 2025, with net sales of Rs.119,029.43 crore and PBDIT of Rs.11,686.58 crore. Operating profit margins peaked at 9.82%, while net profit grew 24.58% year-on-year. The company’s ROCE stood at an impressive 17.89%, reflecting efficient capital utilisation. Valuation metrics remained attractive, with a low PEG ratio of 0.1 and a high dividend yield of 5.88%. Institutional ownership remained strong at 38.45%, signalling robust market confidence.
6 February: Week Closes on a Positive Note
BPCL closed the week at Rs.386.10, up 1.14% on the day and 6.07% for the week, outperforming the Sensex’s 0.10% gain on Friday and 1.51% for the week. Trading volume was lower at 208,445 shares, suggesting some consolidation after the recent rally. The stock’s ability to maintain gains near its all-time high indicates sustained investor interest and technical strength heading into the next week.
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Daily Price Performance vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-02 | Rs.366.65 | +0.73% | 35,814.09 | -1.03% |
| 2026-02-03 | Rs.373.25 | +1.80% | 36,755.96 | +2.63% |
| 2026-02-04 | Rs.382.45 | +2.46% | 36,890.21 | +0.37% |
| 2026-02-05 | Rs.381.75 | -0.18% | 36,695.11 | -0.53% |
| 2026-02-06 | Rs.386.10 | +1.14% | 36,730.20 | +0.10% |
Key Takeaways
Positive Signals: BPCL’s 6.07% weekly gain significantly outpaced the Sensex’s 1.51%, reflecting strong relative strength. The stock’s technical momentum shifted decisively bullish midweek, supported by moving averages and Bollinger Bands. The attainment of new 52-week and all-time highs at Rs.391.85 underscores robust investor confidence. Financially, record quarterly results with strong profit growth and high ROCE reinforce the company’s operational strength. The attractive dividend yield of 5.88% adds income appeal, while substantial institutional ownership at 38.45% signals market trust.
Cautionary Notes: Despite the strong rally, some momentum indicators showed mixed short-term signals, suggesting potential for consolidation or minor pullbacks. The lower trading volume on the final day of the week may indicate cautious profit-taking. Investors should monitor price action around the all-time high level and volume trends to assess sustainability of the current uptrend.
Conclusion
Bharat Petroleum Corporation Ltd demonstrated a robust performance in the week ending 6 February 2026, driven by a combination of technical upgrades, milestone price achievements, and strong financial results. The stock’s 6.07% gain outperformed the broader market, reflecting renewed investor optimism in the oil sector. While short-term momentum oscillators suggest some caution, the overall technical and fundamental backdrop remains positive. BPCL’s attractive valuation, high dividend yield, and institutional backing position it as a leading large-cap stock within its sector. Market participants will be watching closely to see if the stock can sustain its momentum beyond the recent all-time highs.
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