IOCL and BPCL shares in focus after EU sanction include Rosneft refinery in India
Rosneft, a key Russian oil company, has been a crucial supplier of discounted crude to Indian refiners over the past couple of years. Both Indian Oil Corporation (IOCL) and Bharat Petroleum (BPCL) have benefited from this stable and cost-effective supply chain. But with the EU now targeting Rosneft's overseas activities—including its involvement in India—investors are watching closely for any ripple effects.
IOCL shares opened at ₹150.51 and touched a high of ₹151.61 during the session. The stock slipped to an intraday low of ₹148.60. It continues to trade in a broad range, with its 52-week high standing at ₹185.97 and the 52-week low at ₹110.72.
On the other hand, BPCL shares traded between ₹342.10 and ₹351.45 today, opening at ₹347.50. The stock remains below its 52-week high of ₹376.00 but well above the 52-week low of ₹234.01.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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