BPCL Rallied By About 5 Percent In The ,Morning Trade On October 16

BPCL rallied by about 5 percent in the morning trade on October 16 after media reports suggested that Saudi Aramco is interested in buying the government’s 53.3 percent stake in BPCL as it gives the oil giant an opportunity to enter into one of the of highest growing oil retail markets.

BPCL strategic sale could take place at Rs 510-Rs 1,100 a share, according to a report in The Economic Times.

Shares of Inox Wind rose more than 6 percent intraday on October 16 after the company signed an additional deal with Adani Green Energy.

The company in its press release said it has closed a deal for sale of a 50 MW wind power project at Dayapar, Kutch in the state of Gujarat in which Adani will be the strategic investor.

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