BPCL Share Price Rises 6.5% This Week: Union Budget 2026 Drives Rally

By Ventura Research Team 2 min Read Feb 4, 2026

BPCL share price jumps after Union Budget 2026 policy relief

Bharat Petroleum Corporation Ltd (BPCL) shares surged nearly 2.5% intraday on Wednesday, marking their third consecutive day of gains. Since Union Budget day on February 1, 2026, the stock has rallied over 6.5%.

The primary driver behind this move was the positive sentiment following the Union Budget 2026, which provided key policy relief for oil marketing companies (OMCs). Investors also cheered the company’s strong quarterly performance, dividend announcement, and favorable technical signals, but the budget acted as the main catalyst for the rally.

Union Budget 2026 Provides Key Policy Relief

The Union Budget 2026 played a decisive role in boosting BPCL’s stock. One of the biggest market concerns was a potential increase in excise duties on petrol and diesel to fund government spending. The budget removed this overhang entirely by keeping duties unchanged, offering significant relief to investors and OMCs alike.

Moreover, the budget emphasised green and clean energy transitions, aligning perfectly with BPCL’s strategic plans. The government’s focus on promoting petrochemicals and cleaner energy incentivizes long-term capital expenditure. BPCL has already announced plans to increase spending in these segments by 35%, signaling growth aligned with national policy priorities. This validation from the government significantly strengthened investor confidence.

BPCL Q3 Result Supports Positive Sentiment

While the budget acted as the main trigger, BPCL’s financial performance for Q3 FY26 provided additional backing for the rally. The company reported a consolidated net profit of ₹7,545 crore, a staggering 62% year-on-year increase, surpassing estimates.

BPCL also announced a second interim dividend of ₹10 per share for FY26. While the record date of February 2, 2026, has passed.

Bharat Petroleum Corporation Ltd (BPCL) was trading at ₹380.20 as of 11:42 am, up ₹6.75 (1.81%) from the previous close of ₹373.45. The stock opened at ₹373 and touched an intraday high of ₹382.80, with 45.29 lakh shares changing hands. Since Union Budget day on February 1, 2026, the stock has rallied over 6.5%.

BPCL’s market cap stands at ₹1,65,123.52 crore. The stock has delivered 48.70% returns in 1 year and 133% over 3 years, and is currently trading 2.23% below its 52-week high.