BPCL Stock Sees -3.02% Decline, But Outperforms Market and Offers High Dividend Yield

Bharat Petroleum Corporation Ltd (BPCL) has seen a decline in its stock price by -3.02% on October 21, 2024. The stock has been given a 'Hold' call by MarketsMOJO, a leading stock market analysis and research firm.

The stock has underperformed the sector by -2.59% and has been on a downward trend for the past three days, with a fall of -5.37% during this period. On October 21, the stock touched an intraday low of Rs 331.65, a decrease of -3.14% from the previous day's closing price.

While the stock's performance today may not be impressive, it is worth noting that BPCL's moving averages are higher than its 100-day and 200-day moving averages. However, it is currently lower than its 5-day, 20-day, and 50-day moving averages.

Investors may also be interested to know that BPCL currently has a high dividend yield of 6.13% at its current price.

In comparison to the overall market performance, BPCL's stock has underperformed the Sensex by -3.02% in the past day and has shown a slight increase of 0.17% in the past month, while the Sensex has declined by -3.95% during the same period.

Overall, while BPCL's stock may have seen a decline in its price, it is still performing better than the market average and has potential for growth in the future. Investors may want to keep an eye on this stock and consider it for their portfolio.